Tagged: Alternative Assets

Banking Special: Assets And Profits Soar In Qatar

Banking Special: Assets And Profits Soar In Qatar

In 2012, Qatar’s banking sector was buttressed by high oil and gas prices and a large-scale infrastructure programme. The banking sector continuously benefits from substantial GDP growth in the economy of the country. Real GDP reached 19% in 2011. This increase was caused by strength in oil prices and the substantial increase in LNG production to 75mnt (from 55mnt). The latter was able to drive hydrocarbon sector GDP up by more than 30%. The output of the non-hydrocarbon sector continued its growth as well, sustaining a 9% rate due to ongoing capital expenditure on infrastructure development.

UAE ranks third in Islamic assets with $75b: Report

UAE ranks third in Islamic assets with $75b: Report

It is estimated that the total Islamic assets of the UAE are worth $75 billion. This sum puts the country on the third place regarding the global market for the Shariah-based banking industry. The worldwide assets in this area are expected to reach $1….

Islamic banking assets to reach $ 1.5 billion

Islamic banking assets to reach $ 1.5 billion

According to the CEO of Amana Bank, Faizal Salieh, it is expected for the current $ 250 million of banking assets to rise to $ 1.5 billion in the coming years. About 8% of the country’s population of 21.5 million people are Muslims. The strong demand f…

The alchemy of Islamic asset allocation

The alchemy of Islamic asset allocation

Significant growth in the Islamic asset management industry was observed over the past ten years. Starting with structuring and launching of funds, it has developed to a more comprehensive wealth management service. However, the industry has not set it…

ASEAN as a single asset class proposed

ASEAN as a single asset class proposed

the new Chairman of the Securities Commission of Malaysia – Ranjit Ajit Singh – said he wanted to see the emergence of an internationalized single Association of South East Asian Nations (ASEAN) asset class which would be able to compete with other maj…