Global Shariah-compliant banking assets are forecast to exceed US$3.4 trillion by 2018 by Ernst & Young’s Global Islamic Banking Center. Shariah banking profits, however, lag those of conventional banks by a wide margin. The profit numbers for Shariah banks are, on average, 15-19 percentage points lower than traditional banks. There are an estimated 38 million customers who bank with […]
INTERNATIONAL. The Middle East markets raised US$ 4.72 billion from 13 IPOs in the second quarter of 2008 compared to US$ 3.9 billion in the same period in 2007. The capital raised was 20% higher than amounts raised in the first quarter of 2008.Saudi Arabia’s Al Inma Bank was the largest IPO in the […]
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