Jul 26 2012
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Islamic Finance news unveils the world's best Islamic asset managers for 2012
Launched in 2011, the IFN Islamic Investor Poll focuses on the rapidly developing global Islamic funds industry. With over 700 Shariah compliant funds and a combined value in excess of US$50 billion in assets, investors have been drawn to the Islamic fund industry regardless of their faith.
IFN, which prides itself on being the only comprehensive and unbiased guide to the leading asset management companies within the Islamic finance industry, believes that Islamic asset management companies should be recognized for their innovation and expertise.
Malaysia's CIMB Principal Islamic Asset Management took the helm once again winning three awards for 2012 - the Best Overall Islamic Asset Management Company, Best Institutional Solutions Provider of the Year as well as the Best Islamic Asset Management Company in Asia. Oasis Crescent Asset Management won the Best Islamic Asset management Company in Africa; Azzad Asset Management came top for the America's; NCB Capital received the accolade for the Best Asset Management Company in the Middle East; and BNP Paribas Investment Partners were named the Best Asset Managers in Europe for the second consecutive year.
In the category of Fund Domicile of choice, voters were unanimous in their selection picking Malaysia over other major international onshore and offshore centers.
Recognizing that the Islamic investor was fundamental to the asset management industry, IFN also invited asset management companies to vote for the choice investors and distributors that form an integral part of the fund industry. The Best Institutional Investor was awarded to Malaysia's Employees Provident Fund while Bank of Tokyo Mitsubishi UFJ was declared the Best Fund Distributor for private and/or retail banks.
A month-long polling period during June and July saw a 450% increase in the number of votes received over the 2011 poll with a total of 1196 unique votes. Following a stringent due diligence process, 198 votes were discarded due to irregularities.
Surveys were sent to institutional investors, money managers, private bankers, investment analysts, treasurers and other recognized investors. They in turn provided information on a number of criteria pertaining to the Islamic fund industry and also on their selection for the categories listed.
The full results are to be published in the annual IFN Islamic Investor Supplement due out during the first week of September.
For more information, please contact Geraldine Chan at Geraldine.Chan@REDmoneygroup.com or call +603 2162 7808.
© Press Release 2012
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