Islamic Fund Managers in the GCC Region Remain Resilient Amidst COVID-19: Moody’s Investors Service

A new report by Moody’s Investors Service (Moody’s) has revealed a consistent and resilient demand within the Islamic asset management sector for Shariah-compliant investments. Large Islamic funds within the Gulf Cooperation Council (GCC) region have experienced positive net inflows despite the impact of COVID-19, weaker markets and lower oil prices. This is in contrast to net outflows seen by several peers in the Western part of the world.

Vanessa Robert, Vice President and Senior Credit Officer at Moody’s, stated that Islamic asset managers in the GCC have the advantage of bespoke mandates from a range of wealthy clients, which include high net worth individuals, family offices, sovereign wealth fund...