Islamic Banking

ISLAMIC BANKING AND INVESTMENT FINANCING Muhammad Al Ghassani - 29527 Majan College (University College) 1. Introduction The orbicular economy and the pecuniary markets be at a bend point. Fast offset economies in Asia, Middle East, Africa, Latin the States and Eastern europium now form almost one-half of global piggy Domestic Product (GDP) and, in 2010 they contributed 70% to overall global growth. These trends are accelerating. The dramatic developments over the erstwhile(prenominal) twelve months including Arab Spring, Eurozone crises and immerse Wall Street movement set up further movement for the growth of Moslem banking (Ernst & Young, 2012). exertion forecast mention Moslem banking assets with commercial banks globally, go forth achieve $1.1 trillion in 2012 (2010: $826bn). Now would be the opportune judgment of conviction to consider establishing Islamic sovereign wealth funds to wiz the growing internationalization of the industry. The iS WF will further facilitate businesses crossways OIC markets seeking to change to Shariah compliant system and overly help switch the Islamic capital market, in our run across (Ernst & Young, 2012). As for Middle East North Africa (MENA), Islamic banking assets increased to $416bn in 2010, representing a five year CAGR of 20% compared to less than 9% for guide effected banks.

As young geographies open up to Islamic banking, the MENA Islamic banking industry is judge to more than retroflex to $990bn by 2015. However, there are substantial performance variations across markets. In 2010, average ROE of leading Islamic banks declined to 10%. Also, market valuations appear to be converge to that of regional conventional pe! ers (Ernst & Young, 2012). Ensuring sustainable growth will require brave, substantive and decisive Performance Improvement initiatives. cardinal key themes are starting to emerge: * Excellence in banking operations by transforming to a customer centric, efficient and ascendable operating model, goaded by an enhanced risk and...If you require to get a full essay, order it on our website: OrderEssay.net

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