The roles of Islamic funds as institutional investors : the perceptions of fund management companies' representatives in Malaysia

Abstract

The Islamic investment funds established in the 1990s represent a class of institutional investor, along with other intermediaries such as Islamic banks. In addition to consider Islamic investment funds as a financial vehicle, this study views them as institutions responsible both for fulfilling the investment objectives of their shareholders and preserving the rights of other stakeholders. To explore these ideas, this paper surveys the perceptions of registered representatives of Malaysian fund management companies on the roles that should be played by Islamic investment funds.