Kuala Lumpur: Muslims across the globe hold a pool of wealth worth US$11.5 trillion and there is a race among bankers and institutional investors to grab this pot of gold.
RHB Bank Bhd. and Indonesia’s PT Bank Mandiri plan new Islamic funds to bring the bulk of this amount into the banking circles.
Islamic banking assets in Malaysia totalled RM685.4 billion as of end-December while those in Indonesia reached R211.4 trillion ($16 billion) in May.
That was in 2016…what has changed since then? We will be back with a story on this in the near future.
