November 2, 2015 0
Detection economic report published in Manama, on Monday, that the total profits of Islamic banks in the Gulf countries exceeded US $ 12 billion for the first time in 2014.
He expected the report published by the company (Ernst & Young) that these profits came with expectations of continuing growth of the sector amid ambiguity of regional economic conditions, referring to the nine major markets currently are engines of growth for the global Islamic financial industry.
The report said that "Islamic banking sector in the UAE gained momentum thanks to the growing sophistication and innovation achieved in the digital world, explaining that he makes them equal in rank to Malaysia in terms of global market share."
The report, entitled (global competitiveness of the Islamic banking sector) initiative aims to identify the competitive edge and strategic leadership and improve performance in global Islamic finance industry analysis and basic strategies that should be on the application of Islamic financial institutions.
The (Ernst & Young), a British company specializing in the field of financial audit and tax consulting business transactions and advisory services.
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