Press Esc to close
Friday 18 August 2017
News updated at 2:11 PM IST

Islamic banking to cross $1 trillion

Bangalore, Dec 16, 2012, DHNS: 21:20 IST
A report prepared by global consultancy firm Ernst & Young has said that Islamic banking is all set to cross the $1trillion mark this year, up from $826 billion in 2010, adding that the time is just right to establish Islamic sovereign wealth funds to “champion the growing internalisation” of the industry.

The “World Islamic Banking Competitive Report 2011-12” was prepared by Ashar M Nazim, Islamic Financial Services Leader and Imtiaz Ibrahim, Senior Director, Islamic Financial Services at Ernst &Young and released at the World Islamic Banking Conference held in Bahrain from December 9 to 11, 2012.

The report said that growth within the Muslim population of Middle East and North African countries and Asia are key drivers behind increasing demand for Islamic financial services.

Go to Top

Photo Gallery
A fruit vendor, holding an umbrella, waits for customers at a street in Kolkata on Thursday.

A fruit vendor, holding an umbrella, waits for customers at a street in Kolkata on Thursday.

Ranbir Kapoor, actor and co-owner Mumbai City FC meeting fans during the Indian Super League...

Ranbir Kapoor, actor and co-owner Mumbai City FC meeting fans during the Indian Super League...

India's Ramandeep Singh in action against Austria in their final encounter of the Europe Tour...

India's Ramandeep Singh in action against Austria in their final encounter of the Europe Tour...

People from Parsi community cut a cake to celebrate their new year, Navroze, in Ahmedabad on ...

People from Parsi community cut a cake to celebrate their new year, Navroze, in Ahmedabad on ...

Nail artist Murari Aditya, 75 years, shows his 38 inch long nails, at his residence in Kolkata ...

Nail artist Murari Aditya, 75 years, shows his 38 inch long nails, at his residence in Kolkata ...

The first batch of Dasara elephants being welcomed on their arrival at Mysuru Palace on Thursday.

The first batch of Dasara elephants being welcomed on their arrival at Mysuru Palace on Thursday.

: Participants struggle during a greased-pole climbing competition held as a part of independence...

: Participants struggle during a greased-pole climbing competition held as a part of independence...

Activist Irom Sharmila with her husband British citizen Desmond Coutinha after getting married...

Activist Irom Sharmila with her husband British citizen Desmond Coutinha after getting married...

A visitor looks at an art installation, symbolizing the partition of India and Pakistan...

A visitor looks at an art installation, symbolizing the partition of India and Pakistan...

Artist Sunil Paul gives finishing touches on a statue of St. Mother Teresa at his studio...

Artist Sunil Paul gives finishing touches on a statue of St. Mother Teresa at his studio...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.