Global Islamic commercial banking assets could hit $3.4 trillion by 2018 on the back of heightened economic activity in shariah-strong countries such as Qatar and Malaysia, says Ernst & Young. In 2013, profits of Islamic banks in key markets such as Indonesia, Saudi Arabia, UAE and Turkey exceeded $10 billion (Dh36.7 billion). Profit numbers, however, are still lagging traditional banks by 15 to 19 percentage points on average, the report said, according to Gulf News daily. One of the reasons for disparity is that “average number of Islamic banking products per customer is just over two, whereas leading traditional banks have an average of five products per customer,” the report added.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meetingMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor