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LIST OF CHARTS
Chart 2.1: Number of Islamic Funds by Domicile (2017) ...................................................................................... 24 Chart 2.2: Breakdown of Islamic Finance Assets (2017) ....................................................................................... 25 Chart 2.3: Growth of Global Islamic Funds................................................................................................................... 26 Chart 2.4: Islamic Funds by Asset Class (2017) ......................................................................................................... 27 Chart 2.5: Relative Size of Responsible Finance Assets (2007-2016).............................................................. 37 Chart 4.1: Positioning of Each Country in the Four Quadrants ........................................................................... 71 Chart 4.2: Growth of Malaysia’s ICM (2010-2017) ................................................................................................... 74 Chart 4.3: Malaysia’s Market Share of Islamic Finance Assets (end-2016) ................................................... 74 Chart 4.4: Malaysia’s Islamic AuM as a Percentage of Total AuM (2010-2017) .......................................... 75 Chart 4.5: Allocation of Shariah Investment Assets from Total AuM (end-2017) ...................................... 76 Chart 4.6: Factors Influencing the Development of Malaysia’s Islamic Fund Management Industry 91 Chart 4.7: Global vs Pakistan’s Total Islamic Finance Assets in 2016 (USD million) ................................ 97 Chart 4.8: Pakistan’s Total Finance Assets – Islamic vs Conventional (PKR billion)................................. 98 Chart 4.9: Pakistan’s Islamic AuM as a Percentage of Total AuM (2013-2017)........................................... 99 Chart 4.10: Number of Funds in Pakistan (2013-2017)......................................................................................... 99 Chart 4.11: Conventional Mutual Funds – Net Assets Based on Asset Class (2013-2017) .................. 100 Chart 4.12: Islamic Mutual Funds – Net Assets Based on Asset Class (2013-2017)............................... 101 Chart 4.13: Total AuM of Mutual Funds – Open-End and Close-End (2013-2017) ................................. 105 Chart 4.14: Pension Funds’ Total Net Assets (2013-2017)................................................................................ 106 Chart 4.15: Total Market Capitalisation of the PSX (2014−1Q 2018) ........................................................... 115 Chart 4.16: Factors Influencing the Development of Pakistan's Islamic Fund Management Industry ....................................................................................................................................................................................................... 119 Chart 4.17: Assets of Main Intermediaries in Morocco’s Financial System ................................................ 123 Chart 4.18: Net Assets of UCITS...................................................................................................................................... 124 Chart 4.19: Participation Banking Assets against Total Banking Assets...................................................... 128 Chart 4.20: Factors Influencing the Development of Morocco’s Islamic Fund Management Industry ....................................................................................................................................................................................................... 137 Chart 4.21: South Africa’s AuM of CIS (2010-2017).............................................................................................. 144 Chart 4.22: Asset Allocation of CIS (end- 2017)...................................................................................................... 144 Chart 4.23: South Africa’s AuM of Foreign CIS (2010-2017) ............................................................................ 145 Chart 4.24: South Africa’s Islamic AuM as a Percentage of Total AuM ......................................................... 146 Chart 4.25: Allocation of Islamic Funds’ Assets (April-2018)........................................................................... 146 Chart 4.26: Sector Allocation of New Funds Shariah Top 40 Index ETF ...................................................... 149 Chart 4.27: Factors Influencing the Development of South Africa’s Islamic Fund Management Industry..................................................................................................................................................................................... 152 Chart 5.1: Key Factors Influencing the Development of the Islamic Fund Management Industry... 154