According to survey findings, given the supplydemand gaps, there is huge potential for further development of Islamic banking
The UAE is emerging as a serious player in Islamic finance as total Islamic banking
assets jumped more than 14 per cent to about $95 billion in 2013 compared to $83 billion in 2012.
is different from conventional banking in that it does not use specific interest or fees for loans, or fixed or floating payments.
According to estimates by Ernst & Young's Global Islamic Banking
Center, Qatar was the fastest growing market where Islamic banking
assets are expected to have grown by more than 23 percent during 2012.
Summary: AlHuda Centre of Islamic Banking
and Economics is privileged to organize five
in Syria has expanded rapidly, witnessing increasing demand since it was first introduced to the Syrian banking sector, the pan-Arab daily ASHARQ AL AWSAT reported Tuesday.
The Islamic Banking
Index was unveiled by Emirates Islamic CEO, Jamal Bin Ghalaita at the 2015 Global Islamic Economy Summit (GIES) who commented, "The creation of the Islamic Banking
Index by Emirates Islamic marks a new chapter in how we measure the development and growth of Shari'ah compliant banking in the UAE.
In his inaugural speech, the Deputy Governor congratulated all the stakeholders on successful completion of the 1st phase of media campaign which primarily focused on developing awareness and improving visibility of Islamic banking
in the country.
The projected size of the Islamic banking
sector in the UAE is expected to account for almost 15 per cent of the world's six core Islamic markets estimated to hit $1.
Widening its network across the Sultanate, Meethaq, the pioneer of Islamic banking
in Oman from Bank Muscat, opened a state-of-the-art branch in Saham.
, which grew out of a religious prohibition on usury and the desire for banking without interest rates, first emerged in Egypt through savings funds operated without interest.
Summary: Wissam Khoury, Managing Director, Middle East and Africa at SunGard discusses the prospects for the growth and competition of Islamic banking
versus conventional banking while harnessing technology for banking and financial institutions' better risk management