The Strongest Banks Rankings

2019

In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank is on the top of the list, while Dubai Islamic Bank and Kuwait Finance House came in second and third. The top 10 strongest Islamic banks include three Saudi banks, two Malaysian banks, two Qatari banks, and one bank each from Kuwait, Pakistan and the UAE. The Asian Banker launched the inaugural evaluation of what will be an annual ranking of the largest and strongest Islamic banks, mainly in Asia Pacific, the Middle East and Africa.

The 100 largest Islamic banks posted an average asset growth of 8% after removing the anomaly of MBSB Bank in Malaysia, which completed the acquisition of Asian Finance Bank in 2018. It is higher than the average asset growth rates recorded by the 100 largest banks in the Middle East and the 500 largest banks in Asia Pacific, at 5.3% and 5.6%, respectively.

On average, Saudi Arabia achieved the highest strength score at 3.9 out of five, followed by Kuwait (3.7), Qatar (3.5) and UAE (3.3). The profitability and asset quality of Saudi Islamic banks are strong, and they maintained a robust capital position and ample liquidity. Their average return on assets (ROA) reached 2.5%, compared to 1.5% recorded by all the 100 banks. The average strength score of Malaysian Islamic banks on the list is 3.1 out of five, lower than the average recorded by all the 100 banks, at 3.2. Their average ROA was only 0.9%.

For a full explanation of the evaluation criteria please click here.

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Strength Rank 2019 Islamic Bank Rank 2019 Bank Country Assets YoY Growth in Loans YoY Growth in Deposits Loan to Deposit Ratio Capital Adequacy Ratio YoY Growth in Operating Profit Return on Asset Cost to Income Ratio Non-interest Income/Total Operating Income Loan Loss Reserves / Gross NPLs Gross Non-Performing Loan Ratio Liquid Assets / Total Deposits and Borrowings Aggregate Strength Score 2019
Score (17.5%) Score (2.5%) Score (2.5%) Score (10.0%) Score (10.0%) Score (5.0%) Score (7.5%) Score (7.5%) Score (7.5%) Score (12.5%) Score (12.5%) Score (5.0%)
11Al Rajhi BankSaudi Arabia4.51.52.53.0 5.0 1.5 5.0 5.0 2.5 5.0 4.5 4.5 4.16
23Kuwait Finance HouseKuwait4.51.52.03.0 4.5 1.5 4.5 4.5 3.0 5.0 3.5 5.0 3.95
32Dubai Islamic Bank UAE4.52.52.51.5 4.5 1.0 5.0 5.0 3.0 5.0 3.0 3.0 3.76
47Alinma BankSaudi Arabia3.52.52.01.5 5.0 1.5 5.0 4.5 2.5 5.0 4.0 3.5 3.74
54Maybank Islamic Malaysia4.52.53.50.5 5.0 2.5 2.5 4.5 1.5 5.0 4.0 3.0 3.64
513Bank AlBiladSaudi Arabia2.04.04.02.0 4.5 2.5 5.0 3.0 4.0 5.0 4.0 4.5 3.64
75Qatar Islamic Bank Qatar4.01.51.50.5 5.0 1.0 5.0 5.0 3.5 5.0 4.0 0.0 3.63
89Masraf Al Rayan Qatar3.01.51.50.0 5.0 0.0 5.0 5.0 5.0 4.5 4.5 1.0 3.53
912CIMB Islamic Bank Malaysia2.54.54.01.5 4.5 3.0 2.0 5.0 1.5 5.0 4.5 3.5 3.48
1034Meezan Bank Pakistan1.04.54.04.0 4.0 4.5 3.5 3.0 2.5 5.0 4.0 5.0 3.46
1119Boubyan Bank Kuwait1.53.53.02.0 5.0 1.5 4.0 4.0 1.5 5.0 4.5 4.0 3.38
1221Qatar International Islamic Bank Qatar1.50.51.02.0 4.5 1.0 5.0 5.0 4.0 4.5 3.5 4.5 3.34
1317Bank Islam Malaysia Malaysia2.02.53.02.5 4.5 2.0 3.0 3.0 1.5 5.0 4.5 4.5 3.31
146Abu Dhabi Islamic Bank UAE3.52.02.03.0 4.5 0.5 5.0 3.5 2.5 3.5 2.5 4.0 3.30
1514Bank AlJaziraSaudi Arabia2.02.02.03.0 5.0 0.0 4.5 2.5 3.0 5.0 3.5 2.0 3.21
1674Bank Tabungan Pensiunan Nasional Syariah Indonesia0.04.03.51.5 5.0 4.0 5.0 3.5 0.5 5.0 4.0 5.0 3.18
1715Emirates Islamic Bank UAE2.02.52.02.0 5.0 0.0 4.5 3.5 3.5 5.0 1.5 5.0 3.16
1849Al Baraka Bank Egypt Egypt0.53.54.55.0 2.0 3.0 5.0 5.0 2.0 5.0 2.5 5.0 3.15
1922Barwa Bank Qatar1.50.51.50.0 4.5 0.0 5.0 4.5 5.0 5.0 3.0 2.5 3.09
2011Al Baraka Banking Group Bahrain2.51.01.04.5 4.5 0.5 2.0 3.0 5.0 3.5 2.0 4.5 3.08
2023Sharjah Islamic Bank UAE1.53.04.01.5 4.5 0.0 3.5 3.0 5.0 5.0 2.0 4.5 3.08
2227MBSB Bank Malaysia1.55.05.00.0 2.0 5.0 4.0 5.0 0.5 5.0 3.5 4.5 3.01
2251Islamic International Arab Bank Jordan0.53.02.53.0 5.0 1.0 4.5 4.0 2.0 3.5 3.5 4.5 3.01
2454Abu Dhabi Islamic Bank - Egypt Egypt0.05.04.54.5 1.5 3.5 5.0 4.5 2.5 5.0 3.0 2.5 2.96
2531Warba Bank Kuwait1.04.52.50.0 2.5 5.0 1.5 4.5 3.5 5.0 4.0 4.0 2.95
2620Noor Bank UAE1.54.03.51.5 2.3 0.0 4.0 4.5 4.0 5.0 2.5 4.5 2.94
2710Bank RakyatMalaysia3.01.51.52.5 2.5 0.0 3.5 4.5 0.5 4.5 3.5 4.0 2.94
2832Kuwait International Bank Kuwait1.04.53.00.0 4.5 0.0 3.0 3.0 2.0 5.0 4.5 4.0 2.91
2918Public Islamic Bank Malaysia2.03.03.02.0 2.3 1.0 2.0 4.5 1.0 5.0 4.5 3.5 2.91
3016RHB Islamic Bank Malaysia2.04.54.50.0 2.3 3.0 2.0 4.5 2.0 4.0 4.5 2.5 2.83
3126AmBank IslamicMalaysia1.52.04.01.5 4.5 4.0 2.0 3.5 1.0 3.5 3.5 3.5 2.83
3238Bank Muamalat MalaysiaMalaysia1.02.01.02.5 5.0 3.5 2.0 2.0 1.5 3.5 4.0 4.5 2.81
3377Syria International Islamic Bank Syria0.05.05.05.0 2.3 5.0 2.0 3.0 5.0 4.0 1.0 5.0 2.78
3429Hong Leong Islamic BankMalaysia1.03.02.52.0 2.0 3.0 2.5 5.0 1.0 4.5 4.5 3.0 2.78
3592Maldives Islamic Bank Maldives0.05.04.05.0 2.3 2.5 5.0 2.5 3.5 2.0 3.5 5.0 2.77
3657Bank Nizwa Oman0.04.05.03.0 4.5 5.0 2.5 2.0 4.5 0.0 5.0 3.5 2.74
3688Cham Islamic Bank Syria0.05.05.05.0 2.5 5.0 1.5 0.5 2.0 5.0 3.0 5.0 2.74
3867Bank Aceh SyariahIndonesia0.02.01.53.5 5.0 1.0 5.0 1.5 1.0 5.0 4.0 0.0 2.71
3937Jordan Islamic BankJordan1.02.01.53.0 2.5 0.0 3.5 3.5 1.5 5.0 3.0 4.5 2.66
4053Bank BNI SyariahIndonesia0.04.04.53.0 5.0 1.0 3.0 2.5 0.5 4.5 3.0 2.5 2.63
4133Bank Syariah MandiriIndonesia1.03.03.53.5 2.3 1.0 1.5 2.5 3.5 5.0 3.0 2.5 2.62
4230Bank Islam Brunei Darussalam Brunei1.03.52.05.0 2.3 1.0 4.5 4.0 1.0 2.5 2.5 5.0 2.61
4335Ajman Bank UAE1.02.54.01.5 4.5 0.0 2.0 3.5 4.0 3.0 2.0 4.0 2.55
4463Alizz Islamic Bank Oman0.04.54.51.5 4.0 5.0 1.0 0.0 2.5 4.5 4.0 2.5 2.54
4566Dubai Islamic Bank Pakistan Pakistan0.05.04.51.5 1.8 5.0 3.5 2.5 2.0 3.5 3.5 4.5 2.52
4676Al Baraka Bank Syria Syria0.04.04.55.0 2.5 5.0 3.5 4.5 2.5 2.5 0.0 5.0 2.50
4781Bank BCA SyariahIndonesia0.04.04.03.0 5.0 1.0 2.5 2.0 2.5 0.0 5.0 4.5 2.48
4825Islami Bank Bangladesh Bangladesh1.53.53.01.5 1.8 2.5 1.5 3.5 3.0 5.0 2.5 0.0 2.42
4968Safwa Islamic BankJordan0.03.54.02.5 2.5 4.5 2.0 2.0 1.5 4.0 3.0 3.0 2.35
5097United Capital BankSudan0.05.05.02.5 2.5 5.0 5.0 4.5 5.0 0.0 0.0 5.0 2.34
5180Bank Mega SyariahIndonesia0.03.03.51.5 5.0 0.0 1.5 2.5 5.0 1.0 3.5 3.5 2.31
5242Al Salam BankBahrain0.53.02.53.0 5.0 0.0 3.5 3.5 3.5 2.0 1.5 0.0 2.30
5324Al Hilal Bank UAE1.51.01.02.0 4.5 0.0 0.5 2.5 2.5 3.5 1.5 4.5 2.29
5345Kuwait Finance House (Bahrain)Bahrain0.54.53.51.5 5.0 0.5 4.0 2.0 5.0 1.0 1.5 2.0 2.29
5548OCBC Al-Amin Bank Malaysia0.52.52.52.0 4.5 0.0 2.0 3.5 2.0 3.0 2.5 1.5 2.25
5671Arab Islamic Bank Palestine0.04.52.52.5 2.0 0.0 1.5 0.5 2.0 4.0 4.5 4.5 2.20
5694Bank Victoria SyariahIndonesia0.01.51.52.5 5.0 5.0 0.5 0.0 2.0 3.5 3.5 0.0 2.20
5864Union Bank Bangladesh0.04.01.50.0 2.5 0.5 1.5 3.5 1.5 5.0 4.5 0.0 2.15
5869BankIslami Pakistan Pakistan0.01.53.54.0 4.0 5.0 0.5 0.0 2.0 3.5 1.0 4.5 2.15
6046Al-Arafah Islami Bank Bangladesh0.53.03.01.0 4.0 0.0 2.0 3.5 3.5 2.5 2.5 0.0 2.11
6082Albaraka BankSouth Africa0.02.03.52.5 4.5 1.0 3.0 1.0 2.0 0.5 3.5 4.5 2.11
6239Faisal Islamic Bank of Egypt Egypt1.03.53.55.0 2.3 2.5 5.0 3.5 1.0 0.0 0.0 5.0 2.09
6375First Energy BankBahrain0.01.00.00.0 5.0 0.0 4.0 2.0 1.5 5.0 0.0 5.0 2.09
6440HSBC Amanah Malaysia Malaysia0.52.53.50.0 2.5 0.5 2.0 3.5 1.5 3.5 3.0 3.0 2.06
6443First Security Islami Bank Bangladesh0.53.52.51.5 2.5 1.5 1.0 3.0 2.0 4.0 3.0 0.0 2.06
6661Standard Chartered Saadiq Malaysia0.01.02.00.0 2.5 0.0 1.5 1.5 1.0 5.0 4.0 4.5 2.04
6741Sina BankIran0.53.03.03.0 1.5 4.0 1.5 2.5 5.0 2.5 1.5 0.0 2.03
6789Jaiz Bank Nigeria0.02.04.55.0 5.0 0.0 2.0 0.0 4.0 0.0 1.5 4.5 2.03
6965ABC Islamic Bank Bahrain0.03.55.00.0 5.0 4.0 5.0 5.0 2.5 0.0 0.0 0.5 2.00
7036AFFIN Islamic Bank Malaysia1.04.55.01.5 2.5 1.0 1.0 2.5 1.5 1.0 3.0 4.0 1.96
7144Export Import Bank of Bangladesh Bangladesh0.54.52.51.0 1.3 2.0 1.5 4.0 3.5 3.5 2.0 0.0 1.96
7262Al Rajhi Banking & Investment Corporation (Malaysia) Malaysia0.00.50.52.0 2.5 1.5 0.5 0.0 1.0 5.0 4.0 2.5 1.93
738Parsian BankIran3.55.04.53.0 0.3 5.0 4.0 3.5 0.0 0.0 0.0 0.0 1.92
7460Al Baraka Islamic Bank Bahrain0.01.01.03.0 2.0 5.0 0.0 0.0 5.0 3.5 1.5 2.5 1.90
7555Bank BRIsyariah Indonesia0.03.53.04.0 2.5 3.5 1.0 2.0 1.0 1.5 2.0 3.5 1.86
7572Al Baraka Bank (Pakistan) Pakistan0.02.52.02.5 3.0 5.0 0.0 0.0 2.0 3.0 1.5 4.5 1.86
7785Bank Syariah BukopinIndonesia0.01.01.02.0 2.5 3.5 0.5 1.0 2.0 3.0 2.0 4.0 1.78
7879Bank Panin Dubai Syariah Indonesia0.01.51.02.0 2.5 0.0 0.5 0.0 3.0 4.0 2.5 3.0 1.75
7947Bank Muamalat IndonesiaIndonesia0.50.51.03.5 1.8 0.0 0.5 0.0 3.0 3.5 2.5 2.5 1.74
7950Bahrain Islamic Bank Bahrain0.52.02.02.5 2.3 1.0 2.5 2.0 2.0 2.0 1.0 3.5 1.74
8184Bank Jabar Banten SyariahIndonesia0.02.01.02.0 2.3 5.0 0.5 0.0 0.5 3.0 2.5 4.0 1.72
8283Bank Alkhair Bahrain0.00.54.55.0 0.5 5.0 0.0 0.0 0.0 5.0 0.0 4.5 1.66
8328Ithmaar Bank Bahrain1.01.01.00.0 1.8 0.0 1.0 0.0 2.0 5.0 1.5 2.5 1.61
8452Shahjalal Islami Bank Bangladesh0.00.00.00.0 4.0 0.0 1.5 3.5 3.5 1.5 2.0 0.0 1.58
8558Khaleeji Commercial Bank Bahrain0.01.03.04.5 2.3 0.0 0.5 2.0 4.5 1.0 0.0 4.0 1.57
8659Kuwait Finance House (Malaysia) Malaysia0.01.51.50.0 2.5 0.0 0.5 0.0 0.5 4.0 2.5 5.0 1.53
8770Palestine Islamic BankPalestine0.03.03.53.0 1.8 0.0 4.5 1.5 3.0 0.0 0.0 4.5 1.51
8873Qatar First Bank Qatar0.01.50.50.0 5.0 0.0 0.0 0.0 0.0 3.5 1.0 5.0 1.49
8956Al Rayan Bank United Kingdom0.03.51.50.0 4.5 0.0 1.0 0.0 0.5 3.5 0.0 3.0 1.39
90100Citi Islamic Investment Bank Bahrain0.02.50.00.0 2.5 5.0 5.0 3.0 2.0 0.0 0.0 0.0 1.38
9187Ibdar Bank Bahrain0.00.50.50.0 5.0 0.0 0.0 0.0 0.5 2.0 0.0 5.0 1.19
9278MCB Islamic Bank Pakistan0.05.05.00.5 3.5 0.0 0.0 0.0 2.0 0.0 0.0 4.5 1.10
9391Al Janoob Islamic Bank for Investment and FinanceIraq0.04.05.00.0 5.0 0.0 0.5 0.0 1.5 0.0 0.0 0.0 1.00
9490Venture Capital BankBahrain0.04.00.00.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 5.0 0.98
9598ICB Islamic Bank Bangladesh0.01.02.05.0 0.0 0.0 0.0 0.0 0.0 3.5 0.0 1.5 0.96
9693Safa BankPalestine0.05.05.00.0 2.5 0.0 0.0 0.0 1.0 0.0 0.0 5.0 0.89
9799Bank Maybank Syariah IndonesiaIndonesia0.00.50.50.0 5.0 0.0 0.0 0.0 1.5 0.0 0.0 0.0 0.76
9895Liquidity Management Centre Bahrain0.00.50.00.0 5.0 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.68
9986Elaf Islamic BankIraq0.01.04.00.0 2.5 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.48
10096Global Banking Corporation Bahrain0.00.00.00.0 2.5 0.0 0.0 0.0 2.0 0.0 0.0 0.0 0.46

Note: 5 = Highest score, 0 = Lowest score
Source: Asian Banker Research