Fitch sees growth in Malaysian Islamic funds

Malaysia's Islamic fund mix is more balanced, and therefore aggregate Islamic fund AUM are less sensitive to developments, Fitch Ratings said.

KUALA LUMPUR: Fitch Ratings expects the growing presence of tax and policy initiatives in Malaysia may lead to incremental growth in assets under management (AUM) in Malaysian Islamic funds.

It said on Thursday this growth would be over the longer term compared with Saudi Arabia.