Leverage potential of Islamic finance industry to aid the vulnerable, says Perak Ruler

KUALA LUMPUR: More needs to be done to leverage the potential of the Islamic Financial industry, especially in helping those in poverty and crisis, says Perak Ruler Sultan Nazrin Shah.

His Royal Highness, who is Mercy Malaysia’s Royal patron, said while the Islamic finance industry is poised to exceed US$3.5 trillion (RM16.4 trillion) by the end of this year, 35% of the global population facing poverty, totalling two billion people, are Muslims, despite Muslims constituting 22% of the world's population.