The Banker’s Islamic Bank of the Year Awards for 2022 highlight an industry in strong recovery mode.
Having endured the full force of the global coronavirus pandemic in 2020, the past year has brought respite for Islamic lenders around the world. Improved credit conditions and risk appetites, as well as lower provisions, have provided a boon for bottom lines, with many of this year’s award winners seeing key profitability and asset quality metrics return to, or even improve upon, pre-pandemic levels.
