13.12.2012 - Islamic banking assets to hit $1.8trln - but lenders' profits still lag
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
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