IslamicFinance.de

Only a fraction of US$11.5 trillion worth of wealth owned by Muslim individuals, institutions and government is managed by Islamic banks and financial institutions. About US$9.5 trillion remain outside the global Islamic financial services industry that has US$2 trillion asset under management, said Professor Humayon Dar, Chairman of Edbiz Corporation at the 2nd Annual International Forum on Islamic Finance in Khartoum, Sudan. Professor Humayon Dar pointed out that the missing dollars are managed by Western financial institutions. Consequently Islamic banks and financial institutions are losing potential revenue of US$180 billion on an annual basis.