Sovereign wealth funds and foreign exchange reserves as state wealth

John Farrar, Mohamed Ariff

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review


Wealth of people is now also found collected at the government level as SWF and Reserves. Truly these are wealth belonging to the peoples of the countries which have set up sovereign funds to manage the people’s wealth at the state level. Some 44 countries have a total of some US$ 5 trillion while the people’s foreign reserves managed by governments amount to some US$12 trillion. We note that these funds often give the countries some leverage in accessing investments in third countries disproportionate to the size of the countries having this SWF. The regulatory and management challenges of these funds are explored in this chapter.

Original languageEnglish
Title of host publicationIslamic Wealth Management: Theory and Practice
EditorsMohamed Ariff, Shamsher Mohamad
PublisherEdward Elgar Publishing
Number of pages21
ISBN (Electronic)9781786439390
ISBN (Print)9781786439383
Publication statusPublished - 1 Jan 2017
Externally publishedYes


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