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

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

  • Published: February 2010
  • Standard & Poors

FEATURED COMPANIES

  • Ahli United Bank B.S.C.
  • Arab National Bank
  • Burgan Bank
  • Emaar Sukuk Ltd.
  • JAFZ Sukuk Ltd.
  • Riyad Bank
  • MORE

Abstract
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...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing READ MORE >

- 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
- 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.
- Ahli United Bank B.S.C.
- Doha Bank Q.S.C.
- JAFZ Sukuk Ltd.
- Sukuk Funding (No.2) Ltd.
- Emaar Sukuk Ltd.
- CBB International Sukuk Co. (No. 2)
- PETRONAS Global Sukuk Ltd.
- TDIC Sukuk Ltd.
- GE Capital Sukuk Ltd.
- Dar Al Arkan International Sukuk Co. II

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