Islamic Banking in Malaysia: Analysis
Tan Sri Dr. Mohd Munir Abdul Majid, Chairman of Bank Muamalat and Chairman of provides an overall assessment of the Islamic banking sector.
Saudi Banking Sector: Saudi Banks Bank on Change
Saudi banks are not only earning money on oil trading. While one might suggest that Saudi lenders became big due to a windfall of the country’s revenues from energy exports, little is known about the Saudi role as the biggest capital market in the Arab world.
Top Islamic Investment Companies in Kuwait | 5 Most Important Companies
According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies are listed as well under asset management comapnies, investment banks and investment holding companies. Here is the structure of Kuwait Banking system.
The sector has been hit hard by the financial crisis and non-internventionist policy by the government. The investment companies face many challenges. The sector will continue to restructure the depts and deleverage. For the complete list of investment companies click here. Many Islamic investment companies are subsidiaries of or large groups and banks in Kuwait.
Islamic Banks in Kuwait | Kuwait’s Largest 5 Islamic Banks
Marcopolis.net has been ranking the top banks in Kuwait since 2010, regularly updating the list according to the latest available Kuwait’s banking sector data. Which bank is Kuwait’s biggest Bank? Which one is the best bank in Kuwait? The following list ranks Kuwait’s top banks by assets. Traditionally, the largest bank in Kuwait is NBK, followed by Gulf Bank and Al Ahli Bank of Kuwait. View our latest ranking of banks in Kuwait.
Kuwait Islamic Banking and Finance: Future is Bright
“Islamic banking and finance started inferior thirty years ago but started to position itself very well within the Kuwait banking and Kuwait investment industry. It dominates the GCC and MENA region and has proved that its underwriting criteria are much stronger than its peers on the conventional side,” says Abdul Aziz Al-Mazooq, CEO of Muthanna Investment Company.
Islamic Investments in the Gulf
Interview with Suliman N. Al Qimlas, CEO Bayt Al Mal Investment. I believe 2010 will be a tough year globally and we will feel the pain from 2009. Kuwait and the Gulf economies are based on oil and if oil prices stay where they are (around $80 dollars per barrel) we will be in good shape that also means a good future for Islamic Investments in the Gulf. The next question is what will the government do with this money? We recently witnessed our economy shrink and 2010 is up to the moves made by the government and how they spend their money. If they circulate the money effectively we can expect some nice growth that will benefit Islamic Investments in the Gulf.
Islamic Fund in India, Kuwait Investments
Kuwait Investments, Chairman of Ektettab Holding Company and Al Madina Investment Company , Dr. Ali Al Shamali
Ektettab Holding is a Kuwait investments company and it started the first shariah compliant fund that invested in India and this shariah compliant fund in India has been maintained for three years despite the crisis and shariah compliant fund it is one of the best performing funds in the region. We have an IPO fund as well under our asset management division. In the service sector, telecom is very important and it is the fastest growing sector in the world. We have created a business model where we are included in mobile services and we are replicating this internationally.
Kuwait Islamic Investment Banking, Muthanna Investment Company
Interview with Abdul Aziz Al-Mazooq. Muthanna Investment Company business model is based on a pure Islamic investment banking model focusing on Islamic investment banking activities including transaction advisory services, private equity transactions, real estate investments, and asset management activities like brokerage, equity research, and management of discretionary accounts. It is a basic model Islamic investment banking model, the only thing that keeps Muthanna Investment Company going is focusing on several dimensions at once.
Kuwait Leading Islamic Bank, Kuwait Finance House (KFH)
Interview with Mohammed Sulaiman Al-Omar, CEO of Kuwait Finance House (KFH). Kuwait Finance House is in green numbers and working within the markets. If we as Kuwait Finance House look at Kuwait costs of funding, it came down from 6.5% to 3% which is almost 50% and if I was a bank and wanted to price my product I would need to look at the base rate, which has come down quite a huge percentage. Thus, Kuwait Finance House is still in the green and are optimistic for the market in the banking sector.