Iran Top in Islamic Banking Assets
Economy, Business And Markets

Iran Top in Islamic Banking Assets

The Organization of Islamic Cooperation’s report on the financial outlook of its member states shows that Iranian banks accounted for 40% of the global Islamic banking assets in 2014. The OIC’ Standing Committee for Economic and Commercial Cooperation (COMCEC), expects that average economic growth rate of OIC members will increase in the coming years reaching 5.1% in 2016 and 5.8% in 2017. Islamic finance assets, led by the Islamic banking sector and the global sukuk market are estimated to be worth more than $2 trillion while Iran (40%), Saudi Arabia (18.5%), Malaysia (9.5%), UAE (7.3%) and Kuwait (5.9%) are mentioned as the top holders of the assets. The report also expects a 3.7% growth in the industry by 2018, predicting the total value of the assets to stand at $ 3.5 trillion.


Short URL : https://goo.gl/m0ZSFm
  1. https://goo.gl/2m8DM5
  • https://goo.gl/nSbYfW
  • https://goo.gl/Y3wCuf
  • https://goo.gl/v4TlS0
  • https://goo.gl/Xc2hRr

You can also read ...

The share of Iranian railroads in steel transportation is one-third.
There were high hopes for the Iranian mining industry after...
To moderate bank interest rates, the central bank has established links with the Securities and Exchange Organization.
CBI Governor Valiollah Seif has named the newly-formed cordial...
Interbank Transactions Top $800 Billion
Iranian interbank transactions during the fiscal year to March...
New Veep for Economic Affairs
President Hassan Rouhani appointed Mohammad Nahavandian as his...
Amazon, Ebay Purchases Via Third Party Website
A payment facilitation website called ‘Laklak’  (meaning stork...
Tehran to Host 1st Int’l Halal Confab in December
The First International Halal Conference is scheduled to be...
Carpet Exports Exceed $70m in 3 Months
Around $74 million worth of machine-woven carpets were...
Computer Algorithm Maps Brain for First Time
A US research team for the first time has developed a computer...