Gulf Banks Dominate IslamicFinance.com Rankings
Gulf based banks dominate global Islamic Bank rankings with Al Rajhi Bank maintaining its top ranking based on assets of over $82 billion, followed by Kuwait Finance House on $56.8 billion, Dubai Islamic Bank on $33.73 billion and Abu Dhabi Islamic Bank with $30.49 billion in assets.
The Islamic Bank chart allows for the comparison of top ranked banks, as well as the ability to filter by country or to select a specific bank.[interactive_graph]
Only wholly Sharia compliant banks were considered for the ranking, windows based operations were not considered. Asset data is based on information about from the latest available annual report and where appropriate the value was converted into US dollars using the average exchange rate for 2015.
Islamic Banking Ranking
The ranking application is available on the homepage of IslamicFinance.com and within the Islamic Banking section. A consistent theme within the data is the continued growth of the Islamic finance market and specifically the assets held by Islamic Banks which continue to display healthy increases on a year by year basis.
About Al Rajhi Bank
Founded in 1957, Al Rajhi Bank is deeply rooted in Islamic banking principles. The Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.