The $24.5T nobody manages

The industry is real

Global Islamic finance holds roughly $4.4T in assets as of 2025, growing 13.4% year over year (IFSB 2026). Sukuk outstanding crossed $1.1T for the first time. The Gulf holds over half of global assets. This is a trillion-dollar industry growing at double digits.

The gap inside it

Muslim-held private wealth is modeled at ~$27.2T — and only about $2.7T of it is managed Shariah-compliant (Cambridge IFA 2025; a single-source model, so treat it as directional). That leaves roughly $24.5T of Muslim wealth outside Shariah management — attributed in the research itself to a lack of supply, not a lack of demand.

The supply side confirms it. Islamic funds are just 4.1% of the industry's assets (IFSB). There is no meaningful Islamic private-equity or private-credit asset class. Across North America and the UK we count roughly 44 boutique halal advisory firms — against thousands of conventional RIAs. And no one has built a Shariah-compliant private-markets platform for Gulf family offices at scale; the incumbents in those hubs sell conventional product.

Where we stand

Vector Asylum runs without riba by construction — equity, no interest-bearing structures, every engagement, every client. The full standard is public in our investment methodology. We built the discipline first and the firm around it. A gap this size is served by houses that were structured for it from the start.