Islamic assets held by commercial banks are set to hit $1.8 trillion next year, partly spurred by growth in the Gulf region, according to research by Ernst & Young.
However, the profitability of the Islamic sector still lags behind that of conventional banking. Saudi Arabia is the biggest market for Islamic banking followed by Malaysia and UAE, according to Ernst & Young’s World Islamic Banking Competitiveness Report 2013………………………………………..Full Article: Source