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 banksbr>

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
 Jun 29 2016 - Egypt's exports to increase by USD1.9bnMENAFN
(MENAFN) Egyptian exports accounted to USD1.9bn in May 2016, compared to USD1.7bn at the same time of 2015.However, the country's imports dropped to record USD1.9bn in April, bringing the whole ...

 Jun 29 2016 - Oman's private wealth to reach USD0.4tr in 2020MENAFN
(MENAFN) Private wealth in Oman is predicted to increase from USD0.3tr to USD0.4tr, which will be driven basically by equities at 5.8 percent.Additionally, the growth of private wealth in the ...

 Jun 29 2016 - Robbie plays thoroughly modern 'Jane' in new 'Tarzan' filmMuscat Daily
(MENAFN - Muscat Daily) With her cut-glass cheekbones, porcelain skin and cascading flaxen locks, it is hard to imagine a better choice to play Tarzan''s love interest than Australian actress Margot ...

 Jun 29 2016 -  Childbirth's grim plight in Kashmir's remote mountainsMuscat Daily
(MENAFN - Muscat Daily) ''We are afraid we could die,'' says Asmat Nisa, a mother of five set to give birth again. It is a dangerous prospect for women in the remote mountains of Pakistan ...

 Jun 29 2016 - Oman- Ramadan Special - Food Diary: Distinctly AmericanMuscat Daily
(MENAFN - Muscat Daily) Meal Perfect Today, we bring you two recipes by Chef Bryce Carter to liven up your iftar table.

 Jun 29 2016 - UAE hotels record highest occupancy ratesKhaleej Times
(MENAFN - Khaleej Times) Hotels in the UAE recorded the highest occupancy rates in the Middle East but revenues declined, according to EY hotel benchmark report. Dubai and Abu Dhabi''s hospitality ...

 Jun 29 2016 - UAE- Hamdan approves new DED appointmentsKhaleej Times
(MENAFN - Khaleej Times) Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved Executive Council Resolutions numbers (22), ...

 Jun 29 2016 - Smart services save Dh4.3b for DubaiKhaleej Times
(MENAFN - Khaleej Times) Dubai Government saved Dh4.3b over the past 12 years through smart services, the Smart Dubai Office revealed on Tuesday. Results of the Smart Dubai Government Shared ...

more...


 





Google

 
 

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