Saudi Arabia-based Al Rajhi Bank retained its position as the largest and strongest Islamic bank in the world, with total assets amounting to $125 billion in 2020. The aggregate total assets of the 100 largest Islamic banks in the world grew by 12% in 2020, while the aggregate net profit of these banks contracted by 15%.
November 09, 2021 | Wendy Weng- The top 10 banks maintained almost the same ranking in the list of largest Islamic banks
- Saudi Arabian and Qatari Islamic banks demonstrated stronger balance sheets than peer banks in other countries
- Meezan Bank, Bank Islam Malaysia and Maybank Islamic are the top three strongest Islamic banks in Asia
Saudi Arabia-based Al Rajhi Bank topped the ranking of the largest Islamic banks in the world, with total assets up by 22% to $125 billion in 2020. It generated $2.8 billion in net profit in 2020, which accounted for 26% of the total net profit of the 100 Islamic banks.
Al Rajhi Bank remained on top of the ranking of the strongest Islamic banks based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
The 100 largest Islamic banks in the world expanded their net loans and customer deposits by 15.1% and 15% respectively in 2020, according to the evaluation of the 100 largest Islamic banks and financial holding companies (banks) in the world. This year’s evaluation covers banks from 25 countries and ranks them according to asset size and overall strength.
Saudi Arabian Islamic banks held the largest net profit
The top 10 banks’ ranking of the largest Islamic banks remained almost the same, with the exception of CIMB Islamic Bank, which moved up one notch to ninth spot, while Al Baraka Banking Group dropped to tenth place. Dubai Islamic Bank and Kuwait Finance House maintained their second and third places, respectively. In fourth place is Maybank Islamic which remained the largest Islamic bank in Asia.
The 100 largest Islamic banks combined had $1.11 trillion in total assets, $721 billion in net loans, $824 billion in customer deposits and $12.7 billion in net profit. The aggregate total as...
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Saudi Arabia-based Al Rajhi Bank retained its position as the largest and strongest Islamic bank in the world, with total assets amounting to $125 billion in 2020. The aggregate total assets of the 100 largest Islamic banks in the world grew by 12% in 2020, while the aggregate net profit of these banks contracted by 15%.
November 09, 2021 | Wendy Weng- The top 10 banks maintained almost the same ranking in the list of largest Islamic banks
- Saudi Arabian and Qatari Islamic banks demonstrated stronger balance sheets than peer banks in other countries
- Meezan Bank, Bank Islam Malaysia and Maybank Islamic are the top three strongest Islamic banks in Asia
Saudi Arabia-based Al Rajhi Bank topped the ranking of the largest Islamic banks in the world, with total assets up by 22% to $125 billion in 2020. It generated $2.8 billion in net profit in 2020, which accounted for 26% of the total net profit of the 100 Islamic banks.
Al Rajhi Bank remained on top of the ranking of the strongest Islamic banks based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
The 100 largest Islamic banks in the world expanded their net loans and customer deposits by 15.1% and 15% respectively in 2020, according to the evaluation of the 100 largest Islamic banks and financial holding companies (banks) in the world. This year’s evaluation covers banks from 25 countries and ranks them according to asset size and overall strength.
Saudi Arabian Islamic banks held the largest net profit
The top 10 banks’ ranking of the largest Islamic banks remained almost the same, with the exception of CIMB Islamic Bank, which moved up one notch to ninth spot, while Al Baraka Banking Group dropped to tenth place. Dubai Islamic Bank and Kuwait Finance House maintained their second and third places, respectively. In fourth place is Maybank Islamic which remained the largest Islamic bank in Asia.
The 100 largest Islamic banks combined had $1.11 trillion in total assets, $721 billion in net loans, $824 billion in customer deposits and $12.7 billion in net profit. The aggregate total as...
Categories:
Asian Banker 500Keywords:
