Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Arabia Takes Bigger Share of Global Islamic Assets  Join our daily free Newsletter

MENAFN - Qatar News Agency - 09/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Global Islamic banking assets with commercial banks are expected to reach 1.72 trillion in 2013, according to Ernest and Young (EY) latest World Islamic Banking Competitiveness Report 201314 launched recently at the World Islamic Banking Conference in Manama.

In 2012, global Islamic banking assets with commercial banks reached 1.54 trillion, said the report, quoted by Saudi Gazette on Sunday

The report revealed that six rapid-growth markets including Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey (QISMUT) represented 78 percent of the international Islamic banking assets with commercial banks, excluding Iran

This includes both pure-play Islamic banks and windows of conventional banks

There is also increased demand on established and new reference centers including Bahrain and Malaysia to provide leadership for the next phase of industry's development

According to the report, Islamic banks today serve approximately 38 million customers globally, two third of whom reside in the six countries

The biggest challenges for Islamic banks are how to become a mainstream form of banking in their home markets, diversification to build regional brands, and taking a more socially responsible approach to differentiate themselves from conventional banks

The growth of the industry is expected to remain moderate going into 2014, as several leading Islamic banks contemplate large-scale operational transformation.

 


Qatar News Agency




  MENA News Headlines
 Jan 29 2015 - 'You will die alone' French government warns would-be jihadistsThe Peninsula
(MENAFN - The Peninsula) "You will discover hell on earth, and will die alone" - that is the stark message from the French government in a new social media campaign aimed at discouraging would-be ...

 Jan 29 2015 - Qatar- Resurgent River Goddess clinches Umm Al Houl CupThe Peninsula
(MENAFN - The Peninsula) River Goddess produced a late surge to win the Umm Al Houl Cup as popular jockey Harry Bentley topped the feature race with a electrifying finish at the Qatar Racing and ...

 Jan 29 2015 - Qatar continue dream run and book first-ever semi-final spotThe Peninsula
(MENAFN - The Peninsula) Cuban-born Rafael Capote's eight goals helped hosts Qatar pull off a dramatic 26-24 win over former champions Germany yesterday and earned them their first-ever place in the ...

 Jan 29 2015 - Qatar down Germans to enter semi-finalThe Peninsula
(MENAFN - The Peninsula) Qatar's Youssef Benali (left) reacts during the Qatar 2015 24th Men's Handball World Championship quarter-final match against Germany at the Lusail Multipurpose Hall outside ...

 Jan 29 2015 - UAE- Lulu among top 250 global retailersThe Peninsula
(MENAFN - The Peninsula) UAE-based Lulu Group, which runs the Lulu chain of supermarkets, has been risen in the latest edition of a list of the biggest retailers in the world.The company, headed by ...

 Jan 29 2015 - Qatar trade balance hits QR22.7bn, PPI declinesThe Peninsula
(MENAFN - The Peninsula) Qatar's trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR22.7bn in December 2014, a decrease of QR11.1bn, or ...

 Jan 29 2015 - Qatar- Huge dip in calling rates after Vodafone entry: CEOThe Peninsula
(MENAFN - The Peninsula) Competition in domestic telecom market has brought international calling rates significantly down in Qatar. International calling rates have fallen by up to 92 percent, when ...

 Jan 29 2015 - Qatar- QBA hosts UK trade delegationThe Peninsula
(MENAFN - The Peninsula) The Qatari Businessmen Association (QBA) hosted a luncheon in honour of the visiting British trade delegation led by the Lord Mayor of the City of London Alderman Alan Yarrow ...

 Jan 29 2015 - Qatar's UK investments touch £30bnThe Peninsula
(MENAFN - The Peninsula) With investment worth an estimated £30bn in the UK, Qatar is looking to further expand its stakes in Britain. To boost the bilateral trade and to help the Qatari and British ...

 Jan 29 2015 - Bahrain opposition head rejects charges as trial opensThe Peninsula
(MENAFN - The Peninsula) Bahraini Shiite opposition chief Sheikh Ali Salman, in custody for allegedly trying to overthrow the kingdom's Sunni regime, rejected the charge as his trial opened ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help