Entries in English and Malay (Bahasa Melayu)

Monday, 16 November 2015

Saudi Arabia leads Gulf Islamic banking by roughly $240 billion

Saudi Arabia came in first place in terms of its Islamic banking share, which amounted to $240.1 billion, representing 49 per cent of the total share for the Gulf States, according to an IMF report.

Gulf states’ share of Islamic banking amounted to roughly $490bn, according to the recent report entitled Monetary Operations and Islamic Banking in the GCC.

The report states that the assets of the Gulf Cooperation Council formed close to 38.2 per cent of the assets of the global Islamic banking.

The United Arab Emirates came in second place with approximately $93.1bn, then Kuwait with approximately $78.4bn. Qatar came in fourth place with approximately $53.9bn, while Bahrain came in last place with approximately $24.5bn.

It’s noteworthy that an Islamic banking expert in Saudi Arabia valued the sharia compliant assets at about SAR1.87 trillion ($290bn) in 2014 with the expectation that those assets will jump to SAR2.56 trn ($683bn) by 2019.

(A.M.E Info / 15 November 2015)

Alfalah Consulting - Kuala Lumpur:
Islamic Investment Malaysia:

No comments:

Post a Comment

Latest Posts

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational

Alfalah Consulting's facebook


Alfalah Consulting is NOT providing any kind of loan to finance project etc and asking for a fee. If you've received any email claiming to be from Alfalah Consulting, offering loan to you, please ignore it or inform us for further actions. Our official email is If you've received an email from, that's NOT from us. Be cautious!