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.
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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.”
Rank |
Bank Name |
Country |
|---|---|---|
| 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 |
| 7 | Barwa Bank | Qatar |
| 8 | Qatar Islamic Bank | Qatar |
| 9 | Boubyan Bank | Kuwait |
| 10 | Dubai Islamic Bank | UAE |
| 11 | Bank AlJazira | Saudi Arabia |
| 12 | Sharjah Islamic Bank | UAE |
Ratings current as of August 14, 2015
METHODOLOGY
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
For editorial information please contact:
Andrea Fiano | afiano@gfmag.com
To obtain rights to use Global Finance’s World’s Best Banks 2015 logo, please contact:
Chris Giarraputo | chris@gfmag.com
The unauthorized use of Global Finance Award logos is strictly prohibited.
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