Corporate Profile 47Billion Information Technology
Islamic Finance Industry Appraisal and Outlook
1. Sajjad Chowdhry Associate Editor, DinarStandard Islamic Finance Strategy Forum Toronto – May 25, 2007 Islamic Finance – A Global Appraisal
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8. Islamic Finance ‘Clusters’ … of Opportunities? Muslim Population in each country/ region (millions) 150+ 100-150 50-100 10-50 5-10 . . . . . . . . . . . . GDP Per capita (Color code) High Med Low . . . Pakistan India Bangladesh Iran Turkey Europe US South America Kazakhstan Egypt Copyright: DinarStandard 2006 Source: World Bank
9. Islamic Finance ‘Clusters’ … of Opportunities? *Malaysia: $30 billion in Assets (largest market); 11.3% of total banking system; leads standardization Singapore : Global Center of Finance Indonesia : Largest Islamic Country but only 1.2% of total assets Islamic * GCC: 40 Institutions with $50 billion in assets; Avg. 15% of total banking system – Potential to 50% of total banking system; Largest market Saudi Arabia just establishing Riyadh Financial Center Source: GCC Islamic Financial Institution Report, AT Kearny IF Report, Bank Negara Malaysia Annual report
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11. Global IF Leaders - Commercial Banks Source: IFIS May 9, 2007 2,081,092 UAE Sharjah Islamic Bank 10 3,035,489 Qatar Qatar Islamic Bank 9 3,812,690 Malaysia Bank Muamalat Malaysia 8 3,969,483 Malaysia Bank Islam Malaysia 7 4,094,447 Saudi Arabia Bank Al Jazira 6 7,638,998 Bahrain AlBaraka Banking Group 5 17,547,846 UAE Dubai Islamic Bank 4 21,952,613 Kuwait Kuwait Finance House 3 22,440,691 Bahrain ABC Islamic Bank 2 28,056,937 Saudi Arabia Al Rajhi Bank 1 Total Assets Country Commercial Islamic Banks Islamic Banks Financials (Total Assets) USD$ '000
12. Global IF Leaders – Investment Banks Source: IFIS May 9, 2007 293,300 Bahrain Unicorn Investment Bank 7 329,912 Kuwait Gulf Investment House 6 376,804 Kuwait The International Investor 5 1,261,109 Malaysia CIMB Islamic 4 1,500,884 Bahrain Gulf Finance House 3 2,707,707 Bahrain Arcapita 2 3,657,859 Kuwait Investment Dar 1 Total Assets Country Islamic Investment Banks Islamic Banks Financials (Total Assets) USD$ '000
13. IF Activity in Europe Will the Financial Services Authority (FSA) UK experience in UK provide a framework for other European markets and beyond? Banks with Capital Markets Focus Banks with Retail IF Operations
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