Islamic Investment which is known as Shariah Compliant Investment is a growing industry, which is getting popular nowadays and more seriously considered by all consumers around the world.
There’s an estimate that this market will grow rapidly in the next 5-10 years, fuelled by the wealth from oil, property and the growth in the Middle East. There’re many banks looking to get into this opportunity, and Islamic Structured Products are at the cutting edge of Islamic Investment.
Islamic investment accounts are counterparts of fixed deposits offered by conventional banks. Of the two, Islamic investment accounts provide slightly higher returns. The latest data from Bank Negara Malaysia’s monthly statistical bulletin for July showed that the average rate for 1 month placements in Islamic investment products was 2.93% compared with 2.91% for conventional fixed deposits.