Jordan’s Islamic banking assets has grown at an annual rate of 13% and now accounts for 5% of the country’s total banking assets, though Islamic insurers have been more sluggish in their performance, according to a recent KFH-Research report on the Kingdom’s Islamic finance sector.
The report said that Islamic banks have outperformed conventional banks in the growth of deposits and financing, reflecting a strong demand for Islamic transactions. On the contrary, the report noted that takaful companies haven’t been performing as well, but things are expected to improve after recently receiving government backing for the growth of takaful in Jordan………………………………………..Full Article: Source