Top Islamic financial institutions 2013

Islamic cover 2013

Hussein Al Qemzi

Noor CEO's big ambition for Islamic finance

November 1, 2013

Hussein Al Qemzi, group chief executive officer of Noor Investment Group and CEO of Noor Islamic Bank, believes that Islamic finance has the potential to evolve beyond its niche market and become the globally accepted norm in banking. But before it can do this, it must diversify its products and services, as well as achieve greater standardisation.

Ian Lancaster

Spreading the sharia success story

November 1, 2013

With sharia-compliant investments outperforming their 'conventional' counterparts, appetite for these products can only be expected to grow. But the industry is still too fragmented, according to Ian Lancaster of Cogent Asset Management, with a lack of cross-border connectivity preventing it from achieving critical mass.

Where does asset management fit in the Islamic finance picture?

November 1, 2013

The growth that has characterised the rise of the Islamic finance industry has thus far evaded the asset management segment of the market, with a dearth of institutions focused on the creation of sharia-compliant investment products. John A Sandwick of Islamic Wealth & Asset Management assesses the situation.

Brownfield investment: the Rabigh power plant (pictured) is one example of a project that was funded entirely by Islamic money

Islamic project financing: a health check

November 1, 2013

Three senior figures from the Islamic finance industry discuss how sharia-compliant project finance has fared in 2013 after a stellar decade, and look at its prospects – with a particular focus on sukuk – for 2014 and beyond.

Top Islamic banks ranking, 2013: Finding quality growth

November 1, 2013

Islamic banks are growing more quickly than their conventional counterparts, but not all of this growth is generating good returns.

The Islamic liquidity management quest

November 1, 2013

While IILM's debut issuance of a $490m sukuk in August was a significant milestone for Islamic finance, it will barely dent the industry’s short-term liquidity management issues, which are hampering growth.

Islamic banks weather the storm

November 1, 2013

While costs have not changed much for the top 25 Islamic standalone banks between 2006 and 2012, returns have dropped significantly. The Banker takes an overview of the key factors determining their operational efficiency.

Slower and steadier: the new stage of Islamic finance

October 18, 2013

The Banker's annual Top Islamic Financial Institutions ranking shows that growth has dropped into single digits for the first time since the ranking began. This, combined with the restructuring of sharia-compliant operations at major players such as HSBC, shows an industry that is entering a new phase of maturity; a phase that is, however, still rich with opportunity.

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