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The world Islamic banking competitiveness report to be launched

Posted on 19 November 2010

The Islamic banking industry has continued to grow notwithstanding the turbulence in the global economy, with Islamic banks outperforming conventional banks in terms of asset growth. However, both market values and profitability of Islamic banks have come under pressure, narrowing the gap with conventional peers.
Speaking ahead of the launch of the Report, David McLean, Managing Director of the World Islamic Banking Conference said that “the analysis provided in this year’s report will be even more critical as it comes at a juncture when the major industry players are seeking to adopt best practices and re-visit key strategies and business models in order to ensure continued growth in a challenging economic environment.”………………………………………Full Press Release: Source

 
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