Singapore Islamic Finance Country Report 2023: Insights & Trends

Much can be said about Singapore when it comes to the world stage. Despite being a tiny country surrounded by resource-rich countries, the little red dot remains at the forefront in almost every aspect of business and finance. With rising uncertainty over the global economy as well as tensions in the geopolitical arena, it is no surprise that affluent families and wealth managers are looking at Singapore as a haven. In March 2023, Farro Capital amassed SG$1.35 billion in assets under management (AUM) despite only being launched for four months.