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Thursday
Dec032009

After the Minaret Ban: $50 Billion to Leave Swiss Banks?

stacks-of-moneyFollowing Switzerland's ban on the construction of minarets, speculation has arisen over the future of money kept wealthy Muslims in Swiss banks. Turkey's Minister of State Egenem Bagis has called on Muslims to transfer their money to his country.

After Swiss Referendum on Minarets: Who is Radicalizing Whom?

It is estimated that there is approximately $50 billion dollars held in Switzerland by states with a majority Muslim population. The top 12:

- Saudi Arabia: $13.5 billion
- United Arab Emirates: $6.9 billion
- Indonesia: $6.6 billion
- Turkey: $3.9 billion
- Lebanon: $3.5 billion
- Malaysia: $3.3 billion
- Kuwait: $2.3 billion
- Syria: $1.5 billion
- Jordan: $1.5 billion
- Iran: $1.1 billion
- Morocco: $1 billion
- Pakistan: $1 billion