Diversification of Islamic Financial Insturments
159
Table 69: Glimpse of the Islamic Wholesale Fund Industry in Malaysia
2016 2015
Islamic WF 97 93
Total industry 313 293
NAV of Islamic WF (RM billion) 35.71 31.66
NAV of total industry (RM billion) 90.84 84.53
% NAV of Islamic WF to total industry 39.31% 37.45%
Source: Created by Author
Islamic Private Retirement Funds
The total Islamic private retirement funds have increased from NAV of RM 0.8 Billion in 2015
to NAV 0.51 Billion in 2016, recording a growth from 32.25% to 33.55%. This is shown in the
following Table:
Table 70: Glimpse of the Islamic Private Retirment Funds
2016 2015118
Islamic PRF 25 20
Total industry 56 50
NAV of Islamic PRF (RM billion) 0.51 0.38
NAV of total industry (RM billion) 1.52 1.17
% NAV of Islamic PRF to total industry 33.55% 32.25%
Source: Created by Author
Islamic Exchange Traded Fund (ETF)
The Islamic ETF has recorded increase in the market capitalization from 21.05% in 2015 to
22.11% in 2016. The status of the market is hereby shown:
Table 71: Islamic Exchange Traded Fund (ETFs) in Malaysia
2016 2015119
Islamic ETFs (number) 4 4
Total industry 8 8
Market capitalization of Islamic ETF (RM billion) 0.42 0.36
Market capitalization of total industry (RM billion) 1.90 1.71
%market capitalization of Islamic ETF to total
industry
22.11% 21.05%
Source: Created by Author
Islamic Real estate Investment Trust (REIT)
The Islamic REIT maintain its position in term of total industry REIT of 17 in both years,
however in term of market capitalization it has increased from 16.11 % to 18.53 %, despite its
drop in terms of percentage market capitalization of Islamic REIT to total industry. Below
table is an illustration of the status of the market
118 Ibid
119 Securities Commissions Malaysia, 2017.