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FINANCIAL NEWS
Islamic banking assets to reach USD515 b by 2014 in GCC
25 Nov 2013
(MENAFN) Assets of GCC’s Islamic banks are expected to reach over USD515 billion by 2014 compared to USD452 billion in 2012 headed by Saudi Arabia, according to Saudi Gazette.
Ernst & Young’s Global Islamic Banking Center reported that in 2012, the global Islamic banking assets banks were valued at USD1.54 trillion.
Saudi Arabia ranked first among the GCC, with assets worth USD245 billion last year, while UAE ranked second in Islamic banking assets worth more than USD80 billion.
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