Islamic Fund Management
74
Chart 4.2: Growth of Malaysia’s ICM (2010-2017)
46%
48%
50%
52%
54%
56%
58%
60%
62%
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
2010 2011 2012 2013 2014 2015 2016 2017
RM billion
Total size of ICM Total capital market % ICM to total capital market
54%
59 %
Sources: BNM, SC
Note: Based on the SC’s definition, the size of the ICM is equivalent to the total market capitalisation of Shariah-
compliant securities and the amount of outstanding sukuk.
The robust performance of Malaysia’s equity, sukuk and Islamic funds market have
contributed to the strong growth of Islamic fund management industry. According to the ICD-
Thomson Reuters Islamic Finance Development Report 2017, as depicted in
Malaysia’s share of global Islamic funds came up to 22.1% (or USD20.1 billion), ranking it third
after Iran and Saudi Arabia as at end-2016. By 2022, the aforesaid report expects the global
Islamic outstanding AuM to hit USD403.0 billion (end-2016: USD91.2 billion).
Chart 4.3: Malaysia’s Market Share of Islamic Finance Assets (end-2016)
Source: ICD-Thomson Reuters Report (2017)