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Islamic Banking Industry far from achieving 10-year target!
By Muhammad Yasir
The Islamic Banking Industry (IBI) will miss its 10-year growth target to achieve 12 percent share of overall banking industry, staying currently at an average of 7.6 percent in terms of assets and deposits that may attain level of 9 percent by 2012 provided with the improving economic and business situation. Read the rest of this entry »
Islamic financial market fast expanding
Despite a challenging market environment, Islamic finance made progress in
2011, supported by vigorous underlying trends. The industry saw growth in
terms of volume, geographic reach and quality increase due to strong
demographic growth and rise in the size of Islamic financial market, Bank
Sarasin’s 2012 Islamic Wealth Management Report said. (more…)
http://www.opalesque.com/IFB15439/Newsletter_02232012.html
2011, supported by vigorous underlying trends. The industry saw growth in
terms of volume, geographic reach and quality increase due to strong
demographic growth and rise in the size of Islamic financial market, Bank
Sarasin’s 2012 Islamic Wealth Management Report said. (more…)
http://www.opalesque.com/IFB15439/Newsletter_02232012.html
Al Hilal Bank unveils Middle East’s first-ever ‘Money Station’ bank branch
Al Hilal Bank, a progressive Islamic bank, launched the Middle East’s first
‘Money Station’ branch in Dubai. Customers using the facility will be able
to perform essential banking transactions from the convenience of their own
cars, said a statement. (more…) —————————————————————————– BLME signs first Islamic banking deal in UK renewable energy sector
Bank of London and The Middle East (BLME) has signed a £14 million leasing
deal with Global Marine Systems, the largest independent provider of
submarine cable installation, maintenance and engineering services
worldwide. (more…)
‘Money Station’ branch in Dubai. Customers using the facility will be able
to perform essential banking transactions from the convenience of their own
cars, said a statement. (more…) —————————————————————————– BLME signs first Islamic banking deal in UK renewable energy sector
Bank of London and The Middle East (BLME) has signed a £14 million leasing
deal with Global Marine Systems, the largest independent provider of
submarine cable installation, maintenance and engineering services
worldwide. (more…)
Islamic finance for investment managers – Five steps to creating a Shariah
compliant portfolio According to the Global Islamic Finance Report 2011,1 the Islamic finance
industry is valued at $1.14 trillion across more than 70 countries and is
growing at an annual rate of 10%. It has been performing extremely well
since its creation 40 years ago, and its expansion has accelerated in the
past few years, within emerging economies around the world but also in
non-Muslim majority regions like Europe. (more…) http://www.opalesque.com/IFB15388/Newsletter_02202012.html
compliant portfolio According to the Global Islamic Finance Report 2011,1 the Islamic finance
industry is valued at $1.14 trillion across more than 70 countries and is
growing at an annual rate of 10%. It has been performing extremely well
since its creation 40 years ago, and its expansion has accelerated in the
past few years, within emerging economies around the world but also in
non-Muslim majority regions like Europe. (more…) http://www.opalesque.com/IFB15388/Newsletter_02202012.html
