NEW YORK, Sept. 9, 2015 — Global Finance has announced its ranking of the Safest Islamic Financial Institutions in the Gulf Cooperation Council as part of an exclusive survey to be published in the November 2015 issue. 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 500 largest banks worldwide.
This year’s raking includes two banks making their first appearance, Kuwait’s Ahli United Bank and Qatar’s Barwa Bank.
In addition to the Safest Islamic Financial Institutions in the GCC, the full report also 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, Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe) and Safest Emerging Markets Banks by Region (Asia and Sub-Saharan Africa).
“The value of Islamic finance assets held by the world’s banks are expected to reach $3.2 trillion by 2020. As the depth of this market grows, so, too, does its importance to global companies and investors,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “This ranking is an invaluable tool for companies and investors to evaluate institutional strength of Islamic finance institutions in some of the deepest and most-liquid markets for shariah-compliant banking—in the GCC.”
|1||Al Rajhi Bank||Saudi Arabia|
|2||Al Hilal Bank||UAE|
|3||Kuwait Finance House||Kuwait|
|4||Abu Dhabi Islamic Bank||UAE|
|5||Ahli United Bank||Kuwait|
|6||Qatar International Islamic Bank||Qatar|
|8||Qatar Islamic Bank||Qatar|
|10||Dubai Islamic Bank||UAE|
|11||Bank AlJazira||Saudi Arabia|
|12||Sharjah Islamic Bank||UAE|
Ratings current as of August 14, 2015
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