The fund industry in the Arabian markets (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) faced overall estimated net outflows of $14.2 bn over the course of the first nine months of 2022. These inflows occurred in a negative and volatile market environment as central banks around the globe were fighting the increasing inflation rates with increasing interest rates and quantitative tightening measures. At the same time, economies around the globe faced further shortages within supply chains as the COVID-19 pandemic is further looming while prices for energy are further increasing, which led to fears that companies