(MENAFN) The whole Islamic banking assets with profitable banks in six main markets through the globe are predicted to reach USD 1.6tr by 2020 and the whole income is predicted to reach USD 27.8bn.
Furthermore, the six markets, including Qatar, Indonesia, Saudi Arabia, the UAE and Turkey, will see Shariah-compliant banking assets exceed USD 801bn in this year.
Moreover, assets held by Shariah-compliant financial organizations will increase to almost USD 3tr from the current USD 2tr in the next coming years.
Accordingly, the probable size of the Islamic banking sector in the UAE is predicted to account about 15 percent of the globe's six core Islamic markets.
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