Press Release: Safest Islamic Financial Institutions In The GCC 2016

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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

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 29 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 2016 logo, please contact:
Chris Giarraputo | chris@gfmag.com

The unauthorized use of Global Finance Award logos is strictly prohibited.