29320
Islamic Banking Set for Growth
World Economy

Islamic Banking Set for Growth

The (P)GCC Islamic banking profit pool crossed $12 billion mark for the first time in 2014 with expectations that the sector will continue to grow amid regional economic uncertainty, TradeArabia reported. Nine core markets are currently the growth engines for the global Islamic finance industry, added the World Islamic Banking Competitiveness Report 2015-2016 from Ernst & Young, a global professional services firm. The report identifies a group of 40 banks across these nine core markets that are systemically important to the future progress of the industry. Out of the 40 banks, over 50% have an equity base of $1 billion or more. The key strategic insights highlighted at a press conference hosted Sunday by the World Islamic Banking Conference and EY to discuss the key strategic imperatives for the industry at the Gulf Hotel in Bahrain. The full year’s report will be developed by EY’s award-winning Global Islamic Banking Center and exclusively launched at WIBC 2015 on December 2.

Short URL : http://goo.gl/MijiHb
  1. http://goo.gl/yVDaeO
  • http://goo.gl/2eVRnc
  • http://goo.gl/fE66ZH
  • http://goo.gl/EuDpGD
  • http://goo.gl/3WhNFg

You can also read ...

In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Sudanese Hit by Bread Shortages
Bread shortages have hit Sudan, with wheat traders blaming a...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Trending

Googleplus