Top 500 Islamic Financial Institutions

In association with HSBC Amanah

Top 500 Islamic Financial Institutions

Joe Divanna, managing director, Maris Strategies

As the banking industry descends into ever-deeper gloom, the more ethical, risk-sharing approach offered by the Islamic finance industry is attracting an increasing amount of attention. The Banker’s Top 500 Islamic Financial Institutions ranking lists the sector’s key players.

By Stephen Timewell & Joseph DiVanna

Invention, innovation and implementation

Islamic finance is gaining ground as a viable alternative source of finance to Muslim and non-Muslim businesses and consumers, with innovation at the heart of this growing trend. By Joseph DiVanna.

A financial oasis in a credit desert

In sharia financing, the concept of risk sharing replaces the traditional western model of debt-based finance, offering a potential way of reducing world credit problems in the future. By Joseph DiVanna.

The case for Islamic banking

Nabeel Shoaib, Global head, HSBC Amanah

The global head of HSBC Amanah talks about the challenges of integrating Islamic banking into the global system, ranging from raising awareness of its validity to non-Muslim clients to developing a proactive regulatory framework. By Nabeel Shoaib.

Post-economic meltdown – the impact on technology supporting Islamic finance

The current turbulent marketplace will offer technology suppliers new opportunities in light of likely changes by Islamic finance regulators, says Jamil Hassan.

GLobal sharia market chalks up 27% growth

The Top 500 Islamic financial institutions in the world have amassed sharia-compliant assets of $638.3bn, according to The Banker’s second comprehensive listing of the expanding Islamic finance industry.

Iran dominates sharia ranking as newcomers make their mark

The latest Top 25 country ranking of the 2008 Top 500 Islamic financial institutions listing demonstrates not only robust growth among the major countries but also the key development of Islamic finance in a number of relatively new markets, such as Indonesia, Qatar and the UK.

UBL Ameen and Bank Keshavarzi lead sharia growth lists

The leading countries in the world, based on sharia-compliant assets (SCAs), are determined not only by the size of each country’s overall financial sector but also by the degree to which the country is sharia ­compliant.

Bahrain emerges as islamic investment banking hub

Islamic finance is broad based and in the Top 500 Islamic Financial Institutions listing, The Banker wanted to identify and rank key sectors within the industry that are generally excluded from its Top 1000 World Banks ­listing.

Malaysia and kuwait prove rich source of newcomers

This new industry is spurring many entrants as huge liquidity in the Gulf is fuelling new ventures and creating a diverse range of opportunities both within and outside the region.

Pakistan’s habib bank shows best return on assets

How profitable are Islamic financial institutions? Will they become more profitable? And what role will Islamic institutions have in the future?