Dubai is being positioned as the global capital of the Islamic economy and is engaging with stakeholders to drive growth in the Islamic financial sector. A key to success is the advancement of the Islamic asset management industry. This report looks at the opportunities presented by increased diversification in asset classes, including alternative assets and fixed income funds, and examines potential reforms to the Islamic pension fund industry in the United Arab Emirates (UAE). This report also investigates how an increased demand for Shari’a compliant investment options in the UAE could spark reform in the Islamic asset management industry with Dubai at its centre.