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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Al-Rajhi logs $49.2bln assets in ‘10, remains largest Islamic bank

Posted on 31 October 2011

Al-Rajhi Group maintained its position as the world’s largest Islamic bank at the end of 2010 while four in the UAE were among the 10 top Shariah-compliant banks, figures from the Beirut-based Union of Arab Banks (UAB) showed.
Al-Rajhi controlled $49.2 billion in assets in 2010, nearly a fifth of the combined assets of the Arab region’s Islamic banks. It said the bank’s assets gained nearly $4 billion over the previous year, when it also dominated the world’s Islamic banking industry………………………………………..Full Article: Source

 
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