On A Grand Scale

Author: Andrew Cunningham

BIGGEST ISLAMIC BANKS IN THE GCC 2014

Rank

Bank

Country

Total Assets
USD mn

Statement Date

1 Al Rajhi Bank  Saudi Arabia 74,632 12/31/13
2 Kuwait Finance House Kuwait 57,233 12/31/13
3 Dubai Islamic Bank** UAE 30,848 12/31/13
4 Abu Dhabi Islamic Bank UAE 28,090 12/31/13
5 Qatar Islamic Bank** Qatar 21,251 12/31/13
6 Masraf Al Rayan* Qatar 18,274 12/31/13
7 Alinma Bank** Saudi Arabia 16,800 12/31/13
8 Bank AlJazira** Saudi Arabia 15,994 12/31/13
9 Al Hilal Bank** UAE 10,539 12/31/13
10 Bank Al Bilad* Saudi Arabia 9,685 12/31/13
11 Qatar International Islamic Bank** Qatar 9,456 12/31/13
12 Barwa Bank** Qatar 9,241 12/31/13
13 Boubyan Bank** Kuwait 7,773 12/31/13
14 Ithmaar Bank** Bahrain 7,466 12/31/13
15 Noor Bank** UAE 6,304 12/31/13
16 Sharjah Islamic Bank** UAE 5,917 12/31/13
17 Kuwait International Bank** Kuwait 5,331 12/31/13
18 Al Salam Bank** Bahrain 2,911 12/31/13
19 Bahrain Islamic Bank* Bahrain 2,415 12/31/13
20 Ajman Bank** UAE 1,931 12/31/13
21 AlBaraka Islamic Bank** Bahrain 1,631 12/31/13
22 Al-Khaliji Commercial Bank** Bahrain 1,450 12/31/13
23 Warba Bank** Kuwait 1,439 12/31/13
24 Bank Nizwa** Oman 511 12/31/13
25 AlIzz Islamic Bank** Oman 260 12/31/13
  • Source for asset figures: Fitch Solutions, except for * Moody’s Analytics, and ** from banks’ financial statements

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