Sunday, 26 October 2014  -  02 Muharram 1436 H

Middle East leading region for Islamic banking & finance

JEDDAH - A recent research conducted by Shariah-Fortune screened around 810 companies in 50 countries worldwide offering Shariah compliant financial services.
The Middle East covers more than half (around 56 percent ) of the Islamic Finance market. Around 450 companies are located in this region. Leading countries are the UAE, Bahrain, Kuwait, Iran and Saudi Arabia.
Asian companies compound to a market share of about 20 percent. In particular, Malaysia is one of the key players, not only in Asia, but also globally.
Some 114 companies have been screened in Europe, which accounts for around 14 percent of the global market share.
On top position in Europe is the UK. – Agencies
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