Wednesday, 21 February 2024

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Issue No 191

Islamic banks surpassing traditional counterparts in sustainable growth


Islamic banking, rooted in Shariah-law principles, excels in growth and resilience, surpassing traditional commercial banks, as evidenced by TAB Global’s Ranking of the World’s 100 Largest and Strongest Islamic Banks. Middle Eastern giants like Al Rajhi dominate in size, while Asian counterparts shine in asset quality. With over 20% annual growth, Islamic banks emphasise their pivotal role in sustainable finance. This trend underscores their global prominence, making them formidable competitors in the financial industry.



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