Islamic Finance Is Likely To Advance In 2010 On Firm Growth And Widening Geographic Reach Feb 10

  • ID: 1810541
  • February 2010
  • Standard & Poors
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  • Ahli United Bank B.S.C.
  • Arab National Bank
  • Burgan Bank
  • Dubai Islamic Bank
  • Gulf Bank
  • Mashreqbank
  • MORE

Standard & Poor's Ratings Services considers that growth of Islamic finance stayed strong in 2009, just when many of the world's financial systems found themselves deleveraging amid the capital market dislocation and its spread to economies around the globe. Assets of the top 500 Islamic banks expanded 28.6% to total $822 billion in 2009, compared with $639 billion in 2008, according to publicly available information. We continue to believe a bright outlook is likely worldwide for Islamic finance in 2010, on the back of steady growth and geographic diversification. In our view, Islamic finance is poised to make further inroads in developed Western markets while Southeast Asian countries will likely fuel the Islamic finance advance in Asia during the coming...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Gulf International Bank B.S.C.
- National Bank of Kuwait S.A.K.
- Arab Banking Corp. B.S.C.
- The National Commercial Bank
- Arab National Bank
- Samba Financial Group
- Riyad Bank
- The Saudi British Bank
- Gulf Investment Corporation G.S.C.
- Emirates Bank International PJSC
- National Bank of Abu Dhabi
- Mashreqbank
- Commercial Bank of Kuwait
- BankMuscat S.A.O.G.
- Burgan Bank
- Al Rajhi Bank
- Dubai Islamic Bank
- Gulf Bank
- Al Ahli Bank of Kuwait
- Kuwait Finance House
- Qatar National Bank
- Gold Sukuk dmcc
- The International Banking Corp.
- BMI Bank B.S.C.
- Banque Saudi Fransi
- The Commercial Bank of Qatar
- The Saudi Investment Bank
- Gulf Finance House
- Sharjah Islamic Bank
- Al Baraka Banking Group B.S.C.
- DIB Sukuk Co. Ltd.
- Dubai Sukuk Centre Ltd.
- Ahli United Bank B.S.C.
- Doha Bank Q.S.C.
- JAFZ Sukuk Ltd.
- CBB International Sukuk Co.
- Sukuk Funding (No.2) Ltd.
- Emaar Sukuk Ltd.
- PETRONAS Global Sukuk Ltd.
- TDIC Sukuk Ltd.
- Dar Al Arkan International Sukuk Co. II

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