ISLAMABAD: The volume of monetary assets of the Islamic banks across the world has reached $ 500 billion.

The assets of the Islamic banks were increasing by 15 to 20 percent per annum and the value of these assets all across the world has aggregated to 500 billion, Arab television reported.

The share of the Middle East in the total assets of the Islamic banks works out to 25 percent, while the industry of the Islamic financial products was seen growing at a significant high rate.