Press Release: Safest Islamic Financial Institutions In The GCC 2016

NEW YORK, Sept. 19, 2016 — Global Finance has named the Safest Islamic Financial Institutions in the Gulf Cooperation Council in an exclusive survey to be published in the November 2016 issue as part of the publication’s 25th annual ranking of the World’s Safest Banks.

The full report includes the following rankings: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, 50 Safest Banks in Emerging Markets, 50 Safest European Banks, 50 Safest Banks in the Middle East, Safest Chinese Banks, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe). The report will also compare the 2016 Safest Banks against Global Finance’s rankings from 5 and 10 years ago.

“Gulf wealth has been dampened by low oil prices, but the overall value of Islamic finance assets held by the world’s banks are expected to reach $3.2 trillion in less than five years. This ranking of the most stable institutions in the deepest and most-liquid markets for shariah-compliant banking—the GCC—provides a valuable tool for assessing the institutional strength of Islamic finance providers.” says Global Finance publisher and editorial director Joseph D. Giarraputo.

Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 1000 largest banks worldwide.

Ratings current as of August 9, 2016