National and Global Islamic Financial Architecture:
Problems and Possible Solutions for the OIC Member Countries
38
and other Asian countries USD 181.6 million (8% of the total), the remaining funds worth USD
612.0 million constituting 27% of the total for 2014 were initiated in other countries (ROW).
Chart ‎2.23: Islamic Funds Launched in 2014: Geographical Origins
Source: Calculated from Thomson Reuters Global Islamic Asset Management Outlook 2015
Chart 2.24 presents the asset classes of the funds that were launched in 2014. The bulk of the
funds (40%) worth USD 900 million were money market funds and 28% valued at USD 625
million were equity-based funds. A total of USD 538 million sukuk-based funds (24%) were
initiated during the year. The remaining 9% of the funds were mixed funds valued at USD 204
million.
Chart ‎2.24: Global Islamic Funds Launched in 2014: Asset Class
Source: Calculated from Thomson Reuters Global Islamic Asset Management Outlook 2015
Sukuk
The total number of sukuk issued globally between 2001-2015 was 6014 valued at USD 767.1
billion. Of these, 5655 sukuk worth USD 618.3 billion (or 80.6%) were domestic and 359 sukuk
worth USD 148.8 (19.4%) were international. The total outstanding value of the sukuk in
317,80 181,60
1157,70
612,90 14
8
51
27
0
10
20
30
40
50
60
0
200
400
600
800
1000
1200
1400
GCC Other Asia South East Asia ROW
Percentage USD (mn.)
AuM (US$, mn.) Percentage of Total
625
900
538
204
28
40
24
9
0
5
10
15
20
25
30
35
40
45
0
200
400
600
800
1000
Equity Money Market Mixed Assets Sukuk
Percentage
USD (mn.)
AuM (US$, mn.) Percentage of Total