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Database: Global Islamic Finance Monitor PDF Print E-mail

Latest Developments : Strategic Direction : Country Focus

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With growth rates of 20 to 30 percent and over 300 institutions established,
it is fair to say that Islamic banking has gone global.

Although the share of Islamic banking is still relatively small compared to conventional banks, there is no doubt,
that there is great potential.
IslamicBanker.com Database will provide the most comprehensive worldwide
coverage currently available on Islamic banks, in over 100 countries.

Middle East

Dubai, Bahrain and Doha are the leading centres for Islamic finance in the Middle East. The region benefits from
solid government support and a developing regulartory system.

Within the United Arab Emirates, Islamic finance industry has increased its share of total bank assets, from 8.8%
in 2002 to 13.4% in 2008. Top of list of Islamic banks in the UAE is the Dubai Islamic Bank, which has the honour
of being the world's "first fully-fledged Islamic bank".  

 

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 Key Statistics  

Population

World: 6.7 billion
Islamic World: 1.6 billion

Most Populous Muslim Countries:

- Indonesia: 210 mln
- Pakistan: 160 mln
- India: 155 mln
- Egypt: 72 mln
- Turkey: 70 mln

Economics

57 Muslim States GDP: USD 8 trillion

- Indonesia: USD 850 bln
- Turkey: USD 612 bln
- Iran: USD 610 bln
- Saudi Arabia: USD 450 bln

Islamic Finance

- Number of Institutions: 300

- Assets under Management: USD 500 bln

- 63% of Assets within the Middle East (Khooja 2006)

  

 

 


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