Dubai: The Islamic banking profit pool across key markets such as Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey are expected to exceed $25 billion by 2018, according to latest projections by EY.
Islamic banking profitability set to surge across the world
Specialists at EY’s Global Islamic Banking Center have forecast that the global Islamic banking assets with commercial banks are on course to exceed $3.4 trillion by 2018, fuelled by growing economic activity in these core Islamic finance markets which reported combined profits of $10 billion for the first time at the end of 2013.
Read more at: http://gulfnews.com/business/banking/islamic-banking-profitability-set-to-surge-across-the-world-1.1338109
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