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Islamic banks assets grow 66%
- Middle East: Saturday, August 29 - 2009 at 09:12
The combined assets of top 100 Islamic banks have increased 66% in 2008, defying recession trends, according to a report by The Asian Banker in its annual ranking of the world's top 100 Islamic banks by assets. The report has mentioned Islamic finance assets are largely concentrated in Iran, Kuwait, Malaysia, Saudi Arabia and the UAE while banks in Bahrain, Malaysia, Kuwait, Qatar, Syria, and the United Kingdom have also reported significant double or triple-digit asset growth.
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Medilyn Manibo, Assistant News EditorSaturday, August 29 - 2009 at 09:12 UAE local time (GMT+4)
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