Service Menu

We have 3168 guests and no members online

 Saudi Travel Services
Finance & Banking | Global Arab Network
UAE: Global Islamic Banks Assets to Touch US$ 4 Trillion by 2020
Global Arab Network -
UAE (Dubai) - Industry analysts at the International Islamic Finance Forum 2010 are of the opinion that the value of assets managed by Islamic banks is expected to grow to AED14.6 trillion (US$ 4 trillion) by 2020.

This would be possible as the world’s Muslim population grows larger and globally more non-Islamic jurisdictions warm up to the concept of Islamic banking. However, the need of the hour according to analyst is addressing issues such as evolving sukuk structures, poor corporate credit and product innovation.

These sentiments were expressed through an electronic voting system by delegates and high-profile speakers at the Forum. Poor corporate credit was rated deemed as the primary cause of recent sukuk defaults and near defaults, followed by lack of Islamic regulatory oversight. 44.5 percent of participants voted that sukuk structures will evolve only over the next three years from asset-based arrangements to true asset-backed.

Global Arab Network

Newsletter Subscription

Newsletter & events update

Follow Global_Arab_Net on Twitter

© 2006-2014 Global Arab Network | Privacy Policy | Terms and Conditions