Shariah-Compliant Investments Remain a Boon for GCC Asset Managers to Attract Foreign Capital: Moody’s

A growing demand for Shariah-compliant investments has underpinned the strong performance of asset managers in Gulf Cooperation Council (GCC) markets to attract foreign capital, according to a report released by Moody’s Investor Service (Moody’s).

As GCC markets are encouraging foreign equity ownership and opening to foreign markets, Moody’s asserts that local asset managers are likely to make use of their expertise in the region to attract foreign clients, adding that the increased demand for Shariah investments had allowed the GCC asset manager sector to maintain relatively high fees.

However, Moody’s noted that GCC asset managers will have to step up eff...