Global Islamic banking assets held by commercial banks are set to cross US$1.8t in 2013, up from the US$1.3t of assets held in 2011, according to Ernst & Young’s World Islamic Banking Competitiveness Report 2013.The forecast is significantly higher than some of the earlier industry estimates.
Globally, the Islamic banking industry continues to record robust growth, with the top 20 Islamic banks registering a growth of 16% in the last three years and Saudi Arabia emerging as the largest market for Islamic assets………………………………………..Full Article: Source