Baku, Azerbaijan, Sept.1
By Fatih Karimov - Trend: Iran holds the highest amount of banking assets among Islamic countries, the central Bank of Iran said September 1.
Mehdi Razavi, head of Iran 's banking higher institute, said with $518 billion assets, Iran accounts for 37 percent of the total value of the Islamic world's assets.
Studies show that between 1995 and 2014, Islamic banks and financial institutes have progressed 20 percent annually, and their assets increased from $300 million in 2005 to $2000 billion in 2014, he explained.
The total value of assets of Islamic banks is estimated to be around $3,400 billion in 2018.
Based on statistics, over 600 Islamic banks and financial institutes are working around the world.
Edited by CN