Islamic Fund Management
5
South Africa
 As a non-Muslim country, South
Africa has fared well to be
categorised as ‘developing’
(intermediate stage).
 Its robust banking system and
healthy capital markets depict its
budding potential to inculcate
Islamic finance into its financial
landscape.
 Sustainability of its Islamic fund
management industry will be
dependent on market
practitioners’ efforts to portray a
valuable proposition in driving
future growth.
Sources: RAM, ISRA
In conclusion, a key measure of success for any Islamic fund market is the extent to which it
unlocks and promotes opportunities for wealth creation as well as capital formation. As such,
the pillars supporting the overarching stability of an Islamic fund management industry and its
collective development and progress will have a bearing on the pace of future growth. To
further boost growth, the preservation of trust and confidence among market participants,
especially retail investors, holds the key to success. Financial inclusion and the cohesive
collaboration of key market stakeholders will thus determine whether domestic wealth can be
created and leveraged to support a country’s economic expansion.