Global Islamic banking assets set to exceed US$3.4 trillion by 2018 - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"Global Islamic banking assets with commercial banks are on course to exceed US$3.4 trillion by 2018, fueled by growing economic activity in core Islamic finance markets according to specialists at EY’s Global Islamic Banking Center.
The Center has also announced the launch of its Mandarin and Turkish editions of its Islamic banking research today.
Across the six markets of Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey (QISMUT), the combined profits of Islamic banks broke the US$10 billion mark for the first time at the end of 2013. If the current growth rate continues, the Islamic banking profit pool across QISMUT markets is set to exceed US$25 billion by 2018."
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