| Sovereign wealth funds (SWFs) of Muslim countries, most of them managing the fiscal surpluses from oil and gas exports, are a key driver for Islamic finance and the halal economy, a new report released in March by Barcelona-based ESADE Business School and consultancy KPMG shows.
It is a first closer look at the role SWFs are playing for the growth of the Islamic economy and reveals their enormous potential. Of the current 92 SWFs in the world, with a total asset value in excess of $7tn, 39% are in Muslim countries, and 46.4% of the assets managed by such funds worldwide, or about $3.3tn, are in these countries’ funds...............................................Full Article: Source |