Leading executives at global institution Standard Chartered say that Shariah-compliant banks are on track to boast around half of the region’s banking assets by 2020 - on the back of surging growth which has seen the industry expand by 30 per cent in the region in just two years, according to a report on Tuesday.
Standard Chartered told 7 Days newspaper that Islamic banking now accounts for 25 per cent of the UAE banking industry.
Potential revenues from Islamic banking are absolutely huge, according to Khalid Elgibaly, head of consumer banking in the region at Standard Chartered. Way of winning client trust and encouraging loyalty are an important factor for investors regardless of their religion, ethnicity, and background and aim to produce a “feel good” factor for the investor.
Ethical investor method aim to bring in potential clients closer to their own objectives and helps them translate their own political preferences into their financial practices investment portfolios.
Alfalah Consulting - Kuala Lumpur:
Islamic Investment Malaysia: