Ernst & Young’s World Islamic Banking Competitiveness Report 2013 notes that global Islamic banking assets held by commercial banks are set to cross US$1.8 trillion this year, up from the US$1.55 trillion in 2012.This is significantly higher than some of the earlier industry estimates.
Globally, the Islamic banking industry continues to record robust growth, with the leading top 20 Islamic banks registering a growth of 16% in the last three years and Saudi Arabia emerging as the largest international market for Islamic assets (excluding Iran’s banking industry, which has major limitations on international participants)………………………………………..Full Article: Source