E&Y

E&Y: World Islamic Banking Competitiveness Report 2011-12

The 1st Ernst & Young World Islamic Banking Competitiveness Report 2011 presented at the 18th Annual World Islamic Banking Conference stated that Islamic banking assets with commercial banks globally will reach US$1.1 trillion in 2012, a significant jump of 33% from their 2010 level of US$826 billion. In the MENA region, Islamic banking assets increased to US$416 billion in 2010, representing a five year CAGR of 20% compared to less than 9% for conventional banks. As new geographies open up to Islamic banking, the MENA Islamic banking industry is expected to more than double to US$990 billion by 2015.

Source: 

http://www.ey.com/Publication/vwLUAssets/IBCRR_Report/$FILE/IBCRReport2011(LR)%20Final.pdf

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