top 10 islamic banks in the world 2020

Customer deposits were up 50%, while capital adequacy ratios improved and provisions were lifted. CIMB Niaga itself is the fifth largest bank in Indonesia, providing a suitable bedrock upon which to build a Shariah, or Islamic law-compliant financial business that should make the most of Indonesia’s vast, and insufficiently tapped, potential for Islamic finance. No other bank can offer this compelling mix of investment banking leadership and innovation with a solid corporate and retail presence. The strength score of the bank dropped from 4.16 in the previous year’s evaluation to 4.05 in 1H 2020, due to the … ... Safest Islamic Banks In The GCC . The money, its circulation, security, and management are preserved by the banks in each country. Although the increasing foreign exposure of Qatar’s banks is a growing … Much like Abu Dhabi Islamic Bank, Qatar Islamic Bank’s own issues are capital markets landmarks in the Islamic world, with a US$750 million five-year sukuk deal in October that attracted a … As the first Basel III-compliant issue from the region it was closely watched and has swiftly become a benchmark. Its solution was an Islamic land-lease and asset ownership structure involving the safeguarding, but not the transfer, of title deeds by a Saudi-owned security agent. CIMB has always been astute in realising that business opportunities will arise if you help them to get started. If you’re sensing a trend here, you’re not alone. ... have inherited the family business or own their banks. And boasting a return on equity of 22.54%, Al Rajhi enjoys strong favour with its investors. The mood in the region still requires the latter of these, and for that reason Al Rajhi – conservative and reliable – remains our choice for the region. This year, financial information in the first half of financial year 2020 (1H FY2020) was collated and incorporated into the assessment of how Islamic banks performed during the COVID-19 pandemic. Indonesia continues its steady belated take-up of Islamic finance, and Bank Syariah Mandiri, as the biggest Islamic lender in the country, remains the institution in the best shape to benefit. In 2015, it was ranked 59 th on the list of Top 1000 Banks in the World … Alongside that it can also boast of corporate and investment banking operations in Brunei and outside the region in Bahrain, linking the operation to the lucrative funds of the Middle East. At the same time non-performing loans (NPLs, or non-performing financings to use the Shariah equivalent) have fallen from 3.43% in 2007 to 0.95% in 2011, before nudging up again to 1.07% last year. Best Islamic Bank in Indonesia Bank Syariah Mandiri. It is successful in corporate banking too, arranging big bilateral Islamic facilities for Dana Infra’s mass rapid transit project and for an aircraft acquisition by Malaysian Airlines. Among the top 10 banks and the world's most full Islamic institutions, there are three banks from Iran, from Turkey, Kuwait, Bangladesh, Sudan, Oman and Syria each ranked as the top banks. Industrial and Commercial Bank Of China Ltd. (IDCBY) Revenue (TTM): $123.6B. The bank recorded a lower cost to income ratio from 47% to 40% and a higher ROA from 1.5% to 2.0%. Top 30 banks by assets in Africa and Middle East, 2020 Despite an economic slowdown on the back of global trade tensions, China's largest banks continued to grow in 2019 and further embedded their positions among the world's biggest banks, S&P Global Market Intelligence's annual global bank … Sharia principles are no barrier to stable long-term growth. To put that into context, the 11 banks offering Shariah-compliant financial services in Indonesia had IDR199.7 trillion in assets between them by the end of 2012, putting Mandiri at about a quarter of the market. December 09, 2020. The average asset growth of Islamic banks listed accelerated from 8.7% year-on-year (yoy) at the end of 1H FY2019 to 13% yoy at the end of 1H FY2020, which is higher than the average asset growth recorded by the 200 largest banks in the Middle East and Africa at 10.9% yoy and the 500 largest banks in Asia Pacific at 10.3% yoy. In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Islamic banks in Saudi Arabia achieved the highest average strength score at 3.74 out of 5, followed by Qatar (3.60), Kuwait (3.30) and Pakistan (3.27). It has advised governments on Islamic finance frameworks particularly around domestic capital markets in Indonesia, Thailand, Singapore, South Korea, Hong Kong and the UK, relationships that now stand the group in good stead for expansion. Among CIMB’s recent highlights was the world’s largest ever sukuk to date: a MYR34.35 billion (US$11.08 billion) Islamic medium term note programme from Projek Lebuhraya Usahasama (PLUS), the highway group. Best Islamic Bank in Kuwait Kuwait Finance House. Much like Abu Dhabi Islamic Bank, Qatar Islamic Bank’s own issues are capital markets landmarks in the Islamic world, with a US$750 million five-year sukuk deal in October that attracted a US$6 billion order book despite paying only 2.5% profit rate (the sukuk equivalent of interest or yield). It has securitised home loans, auto loans, bonds, property and government receivables in Shariah-compliant ways. Banks are the backbone of the national economies and collectively, they decide the global economy. The bank’s total assets in 2012 grew 9% to KWD14.7 billion, with deposits up 6% to KWD9.4 billion. The group launched 35 products into the market in the first 11 months of 2012, and said it had a further 59 in the pipeline. Global Finance Names The World’s Best Islamic Financial Institutions 2019 World’s Best Islamic Financial Institutions 2019 – Country Winners Afghanistan Afghanistan International Bank Algeria Banque Al Baraka D’Algérie Bahrain Al Salam Bank Bangladesh Standard Chartered Saadiq Bangladesh Brunei Darussalam Bank Islam Brunei Darussalam Egypt Abu Dhabi Islamic Bank Egypt And Al Rajhi is still the largest Islamic bank in the world by both market capitalisation and assets. The bank today has corporate, investment and commercial banking segments alongside asset management (through subsidiary Al Meezan Investment Management) and treasury, although consumer remains the heart of the institution. For the moment, though, Kuwait Finance House is the bank with the broadest range of business, covering personal and commercial banking, leasing (a particular strength), asset management, private banking, project finance and real estate. From its roots as a brainy but limited-reach investment bank in Malaysia, CIMB Islamic can now claim to be a universal Islamic banking operation in four Asian markets: Malaysia, Indonesia, Thailand and Singapore. It was no vanilla financing exercise. The State Bank of India is the largest commercial bank in India. A look at the numbers of Meezan Bank secures it this particular award. In Qatar’s case, Barwa is winning praise for its rapid growth, particularly in sukuk, but it has not yet quite made sufficient ground to make an argument for it to dislodge Qatar Islamic Bank as the leading Islamic bank in the country. The United Arab Emirates may have the buildings, and Qatar the headlines, but Saudi Arabia, to put it simply, is the whole point. Investment banking continues to be what sets CIMB apart, however. Among the top 10 banks and the world's most full Islamic institutions, there are three banks from Iran, from Turkey, Kuwait, Bangladesh, Sudan, Oman and Syria each ranked as the top banks… Our award for the United Arab Emirates’ standout Islamic bank changes hands this year, with an Abu Dhabi institution replacing a Dubai one. World’s Best Digital Banks 2020 Round 2: Demand Develops . Best Islamic Bank in United Arab Emirates Abu Dhabi Islamic Bank. Top 1000 World Banks 2020 The results of this year’s Top 1000 World Bank ranking must be regarded as the calm before the storm. Best Islamic Bank in Qatar Qatar Islamic Bank. Bank Syariah Mandiri’s market strength has grown dramatically since 2007, with total financing, deposits and assets all up four times over since then. But it’s possible to make the case for a regional award what is in truth a largely domestic business because of the sheer importance of the Saudi economy and markets within the region. The Chinese and American Banks … Copying and distributing are prohibited without permission of the publisher. Interestingly, there’s been significant change in … World's Safest Banks 2020 . According to the Banker International Institute, the Agricultural Banks of Turkey and Al-Salam Algeria are ranked first and second in the world. In Malaysia, it controls 30% of the Islamic banking … In Meezan it is refreshing to see an emerging market Islamic bank get its 2012 annual report out by March 2013 and for it to be well thought out, clear and informative. ASIAMONEY reveals which institutions have done the best job. In the main, the bank lets its assets speak for it: SAR247.2 billion (US$65.92 billion) on September 30, with net profit of SAR7.885 billion in 2012. The Asian Banker’s 500 Strongest Banks Rankings is one the world… Enjoying a strong brand name in trade finance, the bank … Asian Banker was the first organization to rank the global Islamic banking community in 2007. It oversees a network of more than 20,000 branches and 189 international offices in 35 countries. In Bahrain it offers retail and investment banking services. According to The Banker, as of November 2015, three out of ten top Islamic banks in the world based on return on assets were Iranian. Source: Asian Banker Research. Affin Bank – A wholly owned subsidiary of Affin Holdings Berhad (AHB). BIBD was also the first institution to launch Islamic mutual funds in Brunei, and it has subsidiary businesses for fixed deposits, vehicle hire purchase, consumer product financing, securities and brokerage, takaful and investment banking, with a particular trophy being a co-lead role on the Republic of Indonesia’s US$1 billion sukuk issue in 2011. Pakistan is still not the easiest market in which to do business; an NPL ratio of 5.3% in 2012 is an improvement on 6.14% the previous year, but it still speaks of weak creditworthiness in parts of the book. And in retail, where it simply didn’t exist as recently as 2005, it now has over MYR40 billion of assets and innovates in speed of service, range of branches, consumer products (7.7 million customers in Malaysia) and regional partnership, particularly Indonesia. Additionally the bank was involved in DanaIfra Nasional’s MYRB2.4 billion Islamic medium term notes issues; big power and energy sukuk fundraisings for Kimanis Power and TNB Janamanjung; and deals taking Malaysians offshore for Axiata and Khazanah, discussed in the Asia section. Aside from being the clear leader in Malaysian sukuk, or Islamic bonds, discussed in detail in the Malaysia category, the bank also lead managed 15.7% of all global sukuk in the year to October 31, handling 192 global issues. Net interest margins and cost of funds are steady. . The bookrunners launched a AED4.4 billion eight-year amortising term loan, then underwrote a US$650 million Regulation S sukuk. The four largest banks are headquartered in China. The Islamic bank operates from 712 offices in 33 provinces, a reminder of the vast assistance it gets from having such a strong and prominent parent. In recent years Abu Dhabi Islamic Bank (ADIB) has embodied efficiency and ambition. Islamic Finance industry title IslamicFinance.com ranks Al Rajhi Bank, Kuwait Finance House and Dubai Islamic Bank as top three biggest Islamic Banks globally.. Why, in June 2012, did a single annual general meeting cover two whole financial years to approve financial statements going back to 2010? According to The Banker, as of November 2015, three out of ten top Islamic banks in the world based on return on assets were Iranian. Indonesia is the heart of it, and will continue to be; CIMB’s stake in Bank Niaga was the foundation for CIMB Niaga Syariah, which so far focuses on middle-to-high-net-worth individuals and business banking. This bank may lack Al Rajhi’s financial strength, being rated ‘BBB-‘ by Standard & Poor’s, but Al Baraka is growing fast and has an impressive asset base for its breadth, with US$19 billion in assets by the end of 2012. November 23, 2020. ADIB is becoming more active internationally, with expansion so far in Egypt, Iraq, the UK and Saudi Arabia. If Bank Syariah Mandiri is in the strongest position in this fledgling industry, than that is an excellent place to be. Net Income (TTM): … It is clearly a name to watch for the future. ICBC (Industrial and Commercial Bank of China), a state-owned financial institution, is the world’s biggest bank by total assets and deposits. Maybank Islamic is the largest Islamic bank in the ASEAN region and one of the five largest Islamic banks globally, with total assets of $55 billion. Kuwait Finance House is instrumental to the fabric of financial services in Kuwait, and in particular Islamic finance, but it must be watching the rise of Boubyan Bank – backed by National Bank of Kuwait – closely. Al Rajhi’s other major overseas presences are in Kuwait and Jordan. Also, perhaps sensing the rise of competition, it has set about a five-year strategic transformation programme. Added to that it conducted a further 192 global sukuk issues. Here is a list of top 10 banks in the world 2020. Al Rajhi was exclusive financial adviser on the financing, which was made exceptionally complex by the land title structures that relate to Saudi Arabia’s holy cities: one can’t say that anyone owns this holy land. Copyright 2021, The Asian Banker. All material subject to strictly enforced copyright laws. According to Internal and Islamic Economics Division, Research Department, Bangladesh Bank, at the end of September 2016, eight full-fledged Islamic banks … The bank itself finds it tiresome – part of the evidence against the bank is the appearance of founder Sulaiman Al Rajhi’s name on a handwritten list found in the Bosnian offices of a Saudi Arabian charity in 2002, a list that may have been written decades earlier – and it has been swift and robust in its denials. On aggregate, the top 10 accounted for 51.3% and 67.7% of combined assets and net profits, respectively. With a total combined donation amount of $106.8 billion, these 20 individuals are the top philanthropists in the world As of September 2013, 15,354 people were employed in the Shariah bank. The bank reported a 24.34% return on average equity in 2012 and has a healthy capital adequacy ratio of 14.08% (Pakistan’s banking regulator requires 10%). It is the largest bank, conventional or Islamic, by market value, anchored on a peerless Islamic retail business based on the trust of millions of Saudi Arabian families. Saudi Arabia-based Al Rajhi Bank has retained its top spot as the strongest Islamic bank. It’s a somewhat broad target, but the intention is clear. This would never happen in conventional finance, but Islamic finance requires a genuine, physical underpinning asset, and it can’t be pledged to two deals at once. Average return on assets (ROA) stood at 1.1% in 1H FY2020, lower than 1.5% in 1H FY2019, and cost to income ratio was up slightly from 41.3% to 41.5%. It appears to be in strong shape, with around US$4.8 billion of assets and total equity of US$766 million generating a pre-tax profit of US$87 million in 2011. As a business, Al Rajhi embodies steady efficiency, often logging twice the return on equity of its Saudi peers; it continued to make money through 2009 when the rest of the sector was belatedly hit by the global financial crisis. Following that, six more banks were established. Meeting the needs of an increasingly sophisticated clientele is not an easy task. BIBD remains the only logical choice for this award in Brunei, formed by the 2005 merger of the two major Islamic financial institutions in the country. Maybank Islamic is the largest Islamic bank in the ASEAN region and one of the five largest Islamic banks globally, with total assets of $55 billion. The capital adequacy ratio of 26% speaks of considerable surplus liquidity. According to the Banker International Institute, the Agricultural Banks of Turkey and Al-Salam Algeria are ranked first and second in the world. All Rights Reserved. Malaysia, Saudi Arabia, the UAE, Qatar and Kuwait are the largest markets in terms of the Islamic bank assets, with their aggregate assets representing 79% of the combined assets of the 100 largest Islamic banks. Top 1000 World Banks 2020 The results of this year’s Top 1000 World Bank ranking must be regarded as the calm before the storm. Forbes ranks the world's best banks. A standout transaction in 2012 involved the US$1.33 billion ijarah mawsufah fi zimmah financing for Jabal Omar, a US$6 billion real estate and hospitality development near the Grand Mosque in Mecca. This post gives you an insight into the ten wealthiest Muslim women as of now. Meezan has deposits of PKR230.43 billion (US$2.34 billion) and total assets of PKR274 billion. 9455**2050 An Islamic bank branch in the UMNO building in Kota Kinabalu. Moreover, CIMB deals tend to be innovative market leaders: leaving aside the Malaysian ringgit bond issues, trailblazers in the last 18 months have included Axiata in the first rated sukuk in renminbi, a Rmb1 billion (US$160.89 million), in the first issue off a US$1.5 billion multi-currency sukuk programme; a US$800 million trust certificate issue for the Islamic Development Bank in Saudi Arabia; and a US$357.8 million exchangeable sukuk into Parkson Retail for Khazanah Nasional. It is now the fourth-largest Islamic bank globally by assets, has huge backers in its majority ownership by the Abu Dhabi ruling family and sovereign wealth fund, and now has decent on-the-ground reach as well, with 75 branches, 549 ATMs and over half a million customers. However, the number of players is not necessarily indicative of the size of the industry, in terms of assets. Prime Bank: Term used to describe the top 50 banks (or thereabouts) in the world. Malaysia is also the hub of CIMB’s securitisation structured finance team, which specialises in hybrid securities such as Tier 1 and 2 capital instruments for banks, and corporate hybrids or perpetual capital securities. It is one of the fastest growing religions and … The top 10 banks hold combined assets of about $28 trillion. CIMB was sole principal adviser and sole lead arranger on this deal, which apart from its sheer scale required negotiating among numerous authorities, regulators, investors and a rating agency connected with the underlying toll highway projects. Overall, among the top 10 best CEOs in the world for 2020, the ninth and tenth positions are held by Alphabet CEO Sundar Pichai and General Dynamics chief executive Phebe Novakovic. This consolidates all of Kuwait Finance House’s real estate activities globally, and is expected to be followed by similar investment vehicles in other business lines. China Private Banking and Wealth Management Awards, The Best Retail Financial Services Rankings, TAB Finance Diary of Events (Full Event Diary), The Heads of Retail Finance Virtual Meeting, Financial Services and Related Research Sources, Al Rajhi Banking & Investment Corporation (Malaysia), Kurdistan International Islamic Bank for Investment and Development. Yet for all its successes, questions exist. Prime banks trade instruments such as world paper, International Monetary Fund … In Malaysia, it controls 30% of the Islamic banking industry and its products and services are available through a network across Malaysia, Indonesia, Singapore, Hong Kong, London and Bahrain. The information available on this date is used to compile the full world and country rankings. The 20 safest countries on the planet for COVID-19, according to the Deep Knowledge Group. It is, about as far as is possible in a small market, a diversified universal business, with consumer banking accounting for 65% of revenue, corporate banking 19% and institutional banking 13%. A more recent investor presentation from February 2013 lists total assets in Bank Syariah Mandiri at IDR54.2 trillion, total deposits of IDR47.4 trillion and a return on equity of 25.04% – good business. The world’s third-largest Islamic bank by total assets offers a wide range of shariah-compliant products and services to wholesale, corporate and other clients. It is active now in 15 countries through 400 branches, including a strong presence across North Africa, while it has ventured as far east as Iraq. Please get in touch with Sue Kim at skim@theasianbanker.com for further clarifications. Separating the contribution of Bank Syariah Mandiri from the whole Bank Mandiri group is tricky in quarterly announcements and only fully extrapolated when annual reports come out. Best Islamic Bank in Bahrain Al Baraka Islamic Bank. Beyond the capital markets, CIMB now enjoys a scale that it never used to enjoy. In February it reported a 9% year-on-year rise in net profit for 2012, at KWD87.7 million (US$306.97 million), with its capital adequacy ratio up to 14%. All this in a rare buoyant economy underpinned by domestic demand. Profit, at PKR3.5 billion after tax, is somewhat slim today, but that’s still a near quadrupling since 2007, and the prospects are impressive in a market in which Islamic finance is very much the preferred direction of the local banking system. Meezan Bank from Pakistan is the strongest Islamic bank in Asia. Top 10 banks in Qatar Top Banks in Qatar The Qatar Central Bank licenses and regulates 18 banks in Qatar, as of January 2015. The latter was up 7% on the previous year, while its banking revenue was up 34%. The Asian Banker Magazine has ranked Qatar Islamic Bank (QIB) as the ‘Third Strongest Islamic Bank in the World’ and ‘Eighth Strongest Bank in the Middle East’ in its 2020 Rankings of the 500 Strongest Banks. The top ten countries by savings rate were Macao, the Republic of the Congo, Qatar, Ireland, Brunei, Singapore, Luxembourg, Gabon, the UAE, and China. The ranking was based upon assets as reported and was not adjusted for … It was not only the first-ever Shariah-compliant Tier 1 issue, but the first Tier 1 instrument from any Middle Eastern bank, whether conventional or Islamic. Better still, that retail base – young, Muslim, growing in wealth and sophistication – is going to account for increasing opportunity both individually and in corporate life as it grows up. Or scale and safety, a vote for steadiness in continuing uncertain times? Views and opinions expressed on this website belong strictly to individual authors/contributors and do not represent The Asian Banker Chris Wright reports. Islamic assets represent 23.1% of the Malaysian banking system yet in Indonesia it’s just 4.7%, despite the latter possessing a far bigger Muslim population. While business has been tough in Kuwait, in particular in asset management, where a regulatory overhaul appears to have stopped new products from being approved for the time being, Kuwait Finance House is doing fine financially. The parent has also been helpful in other ways: first with a three-year capital injection programme, which in turn has helped secure strong ratings; and secondly as a cross-selling opportunity. Flowing from that is a retail financing business that gives Al Rajhi the Islamic equivalent of a net interest margin of just under 4.5%; the sector as a whole is more like 2.8%. Fill in the form below to get instant access: Check our website for the new dates. Al Rajhi is the clear Islamic leader in Saudi Arabia. *The World Islamic Banking Conference 2016, which will be held at Art Rotana Amwaj Bahrain from December 5-7, will address issues in Islamic … The top 100 banks include 20 Chinese banks, 10 US banks, 6 UK banks, 6 French banks, 9 Japanese banks, 6 German banks, 5 Canadian banks, 5 South Korean banks, 5 Brazilian banks, 4 banks … The Malaysian banking sector consist of 27 commercial banks (including 19 licensed foreign banks), 11 investment banks, 18 Islamic banks as well as non-bank financial institutions. Qatar Islamic Bank, after all has just under 40% of the Qatar Islamic banking market, and 11% of the country’s entire national banking system. Best Islamic Bank in Saudi Arabia Al Rajhi. Al Baraka particularly benefits from the health of its Bahrain-based parent, which enjoyed a 21% year-on-year increase in deposits in 2012 alongside 11% in assets, 11% in net income and 23% in net operating income. What should be the most important criterion when awarding the top Islamic bank award in the Middle East? In a mode of continuing expansion – its branch network went from 275 to 310 during 2012 – profit growth has been tempered by expenses, but still both net profit and earnings per share were up 3% in 2012. Mandiri accounted for this figure as part of a group-wide fee-based income figure of IDR1.3 trillion, which suggests that revenues from Shariah business are becoming highly notable within the broader bank. Beyond that, in addition to the market-leading Malaysian franchise, there is a genuine regional footprint now, reflected in the 48% growth in total assets for CIMB Islamic between 2007 and 2011. It is also the leading structured product house in Malaysia. Deep Knowledge Group. We cover banks in all countries with Islamic banks including western and non-Islamic … The good news of 2020 – the 50th anniversary of the ranking – is that the global banking industry is broadly in good shape. CIMB dominates sukuk bond issuance in Malaysia to a remarkable degree. Each bank's performance across these categories is then used to generate an overall "Best-Performing Bank" score and ranking. Indonesia’s government has set a target of 10% of total bank assets being Shariah-compliant by 2015-20. Al Rajhi has had a difficult year, once again facing allegations of terrorist financing following a US Senate investigation into HSBC in July. Top banks have been playing a very pivotal role in the people’s loves. By total assets. The overall profitability of Islamic banks weakened amid the pandemic. There were 505 Islamic banks in 2017, including 207 Islamic Banking windows. Top of the list was a deal for ADIB itself: a US$1 billion perpetual non-call six-year hybrid Tier 1 sukuk issue in November 2012. It only requires the 14 bank branches possessed by BIBD to cover all of the tiny Borneo nation; the bank speaks with pride of its 47 ATM machines. © 2020 GlobalCapital is part of the Euromoney Institutional Investor PLC group, Gazprom launches dollar bond, concerns remain over NS2, CEE and Dutch covered bonds offer pockets of value, Turkey leaves 'a bit on the table' to take a third of annual funding need, Deutsche Pbb readies debut green senior bond, Bryson hire reveals SMBC Nikko's capital markets ambitions, Sustainability-linked bonds: a win on several counts, Buyer beware: bond investors need to get thorough, Modern Slavery Act Transparency Statement. Whereas Malaysia’s CIMB has become a universal bank, having grown from investment banking roots, Meezan has built its presence from a consumer banking background. Whether banks are your competitors, counterparties or clients, you need the Top 1000 World Banks 2020 … D igital and mobile technologies are revolutionizing the … Qatar is the other market in the Middle East where an exceptionally powerful long-standing leader is being challenged by newer home-grown rivals. * FY2019 data The Bank … Globally, Al Baraka has turned into one of the bigger forces in Islamic finance. In view of the coronavirus disease (COVID-19) outbreak, all event schedules have been moved to a time when we reasonably expect the crisis to be contained. Daring expansion and innovation? Among other steps, executing the transaction involved a buyback exercise from nine sets of bondholders, and a consent solicitation with a further seven, concurrently. What is apparent is that IDR551.1 billion (US$56.76 million) of profits were accrued from the Islamic division in the 2011 financial year. The list is based on the April, 2020 S&P Global Market Intelligence report of the 100 largest banks in the world. To do so they had to launch a consent solicitation to all of the original bondholders, asking them to dissolve the trust so the refinancing could take at all. It is the second biggest Islamic bank in Malaysia in asset terms, just five years after broadening from its investment banking base, and is still the first name in any discussion of local innovation. Size isn’t everything, but Qatar Islamic Bank appears to be in rude health too. The opportunity to grow Islamic finance services in Indonesia is highly appealing. Largest Islamic Banks This database ranks Islamic banks worldwide by asset size. One other thing: many Islamic institutions look well-placed for growth but don’t produce the best investor relations material (witness Bank Syariah Mandiri, although its parent is better). A US Senate investigation into HSBC in July, there ’ s total in... 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