Radio Free Europe:: Erschienen 2006

It is that trend — and the desire of Western banks‘ efforts to cater to the increasing demands of their Muslim clients — that prompted the decision to hold an Islamic Wealth Management conference in 2005.

Speaking on March 28, as this year’s conference kicked off, the event’s organizer, Michael Gassner, said that the aim is „to inform and educate private bankers and asset managers…how to manage Muslim high-net-worth individuals.“


Western banks, Gassner says, have a „good“ position in many Muslim countries, with a market share of 20-30 percent in the Gulf states. But, he continues, Western banks‘ failure to provide a full range of financial products for Muslims is holding them back.

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