Size will matter in Islamic banking
Fastest Growing Islamic Banks by Net Income
Fastest Growing Islamic Banks by Assets
Fastest Growing Islamic Banks by Net Income | |||||
Figure in $ at December 31 2007 | |||||
Rank | Country of operation | Bank | Net income 2007 | Net income 2006 | Income growth % |
1 | Malaysia | CIMB Islamic Bank Berhad | 50,323,252 | 13,116,545 | 284 |
2 | Bahrain | Capivest | 31,900,000 | 10,218,807 | 212 |
3 | Bahrain | Khaleeji Commercial Bank | 56,475,353 | 21,219,601 | 166 |
4 | Malaysia | EONCAP Islamic Bank Berhad | 9,327,193 | 3,573,297 | 161 |
5 | Bahrain | Venture Cpital Bank | 32,336,000 | 13,258,000 | 144 |
6 | Indonesia | Bank Mega Syariah | 9,276,865 | 4,266,397 | 117 |
7 | Malaysia | Alliance Islamic Bank Berhad | 19,413,942 | 9,182,687 | 111 |
8 | UAE | Emirates Islamic Bank | 64,957,307 | 31,989,056 | 103 |
9 | UAE | Dubai Bank | 57,399,065 | 28,568,194 | 101 |
10 | Kuwait | Kuwait International Bank (formerly Kuwait Real Estate Bank) | 65,615,779 | 32,999,543 | 99 |
Source: IFIS (Islamic Finance Information Service) |