Diversification of Islamic Financial Instruments
158
Table 66: Shariah Compliant Securities on Bursa Malaysia115
2016 2015
Number of Shariah-compliant securities 671 667
Total listed securities 904 903
% to total listed securities 74.23% 73.86%
Market capitalization (RM billion):
Shariah-compliant securities 1,030.56 1,086.18
Total market capitalization 1,667.37 1,694.78
% to total market capitalization 61.81% 64.09%
Source: Created by Author
Islamic Fund Management
The Islamic Assets Management has increase from 19.82% to 21.49%, despite the slight
increase still regarded as positive indication of the direction of the market. Below table is an
illustration of the status of the market:
Table 67: Islamic Assets Under Management (RM billion)116
2016 2015
Islamic AUM 149.64 132.38
Total AUM 696.27 667.88
% Islamic AUM to total AUM 21.49% 19.82%
Note: The AUM includes assets that are sourced from collective investment schemes as well as private mandates
Source: Created by Author
Islamic Unit Trust Fund (UTF)
The Islamic Unit trust fund has recorded a positive growth from 193 Unit trust funds to 198. As
for the Net Asset Value (NAV), it is has recorded a positive growth from 15.04% to 16.99%.
The table below is an illustration of the status of the market: (in RM)
Table 68: Market of Islamic Unit Trust Funds117 in Malaysia
2016 2015
Islamic UTF 198 193
Total industry 627 612
NAV of Islamic UTF (RM billion) 60.91 52.12
NAV of total industry (RM billion) 358.47 346.58
% NAV of Islamic UTF to total industry 16.99% 15.04%
Source: Created by Author
Wholesale Fund (WF)
The total Islamic Wholesale fund industry has increased from 293 to 313, with a total industry
NAV increase from 84.53 to 90.84, representing a growth from 37.45% to 39.31%, as depicted
in the table below.
115 Ibid
116 Ibid
117 Ibid