I note, for this audience, that the story for African Americans alone is somewhat more positive: Median wealth did increase about 13 percent between 1998 and 2001, but the median level of net worth in 2001 was still only $ A substantial part of the wealth gap is associated simply with differences in family ownership of assets.
Recognizing the implications of financial globalization on IF and IF’s implications for global finance, Multilateral Development Institutions have been supporting the Islamic Financial Services Board (IFSB) to ensure effective alignment in the regulatory frameworks, while accommodating modifications and refinements of the special features and modalities of IF. 13.