Largest Islamic Banks 2023

Saudi Arabia-based Al Rajhi Bank maintained its position as the largest Islamic bank globally, according to the evaluation of the 100 largest Islamic banks and financial holding companies (banks) in the world for the financial year (FY) 2022, with March 2023 cutoff. Kuwait Finance House rose to become the third-largest Islamic bank, surpassing Bank Pasargad and Dubai Islamic Bank. This year’s evaluation covers the 100 largest Islamic banks and financial holding companies (banks) from 26 countries.

The 100 largest Islamic banks had $1.57 trillion in assets, $1 trillion in net financing, $1.15 trillion in deposits, and $24.4 billion in net profit. The ranking includes 45 Asian, 42 Middle Eastern, nine European, and four African Islamic banks. An analysis of the top 10 largest Islamic banks reveals a diverse geographical representation, with Saudi Arabia, Iran, the United Arab Emirates, Qatar, Kuwait, and Malaysia each hosting key players. The Middle Eastern banks hold a dominant 71.6% share of the assets of the top 100 Islamic banks, significantly overshadowing the 24.3% held by their Asian counterparts.

Islamic Bank Rank 2023 Islamic Bank Rank 2022 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Al Rajhi Bank Saudi Arabia 202,674 4,568 20.8 2.4 26.1 21.4
2 2 Tejarat Bank Iran 130,084 915 13.1 0.8 60.0 2.9
3 5 Kuwait Finance House Kuwait 120,481 1,418 15.3 1.8 32.6 17.7
4 3 Bank Pasargad Iran 94,767 3,514 46.9 4.4 48.8 10.9
5 4 Dubai Islamic Bank UAE 78,475 1,511 13.2 2.0 26.1 17.6
6 6 Maybank Islamic Malaysia 66,109 690 22.6 1.1 29.2 17.8
7 9 Alinma Bank Saudi Arabia 53,336 959 11.5 1.9 34.7 19.8
8 7 Qatar Islamic Bank Qatar 50,543 1,105 15.4 2.1 17.4 19.9
9 8 Masraf Al Rayan Qatar 46,019 374 5.6 0.8 25.8 20.3
10 10 Abu Dhabi Islamic Bank UAE 45,880 985 17.3 2.5 34.9 17.2
11 13 Bank Albilad Saudi Arabia 34,471 554 16.4 1.7 44.7 17.7
12 12 CIMB Islamic Bank Malaysia 32,700 228 12.3 0.8 37.4 17.1
13 16 Bank AlJazira Saudi Arabia 30,827 295 8.0 1.0 54.8 19.7
14 11 Dukhan Bank Qatar 29,193 344 8.9 1.2 28.2 18.3
15 15 Bank Rakyat Malaysia 26,789 293 5.9 1.1 40.2 27.6
16 17 Boubyan Bank Kuwait 25,683 177 6.1 0.7 50.3 19.4
17 14 Al Baraka Group Bahrain 24,919 239 11.8 0.9 45.9 15.6 (1)
18 18 RHB Islamic Bank Malaysia 23,728 171 13.4 0.8 30.7 20.8
19 19 Kuveyt Turk Katilim Bankasi Turkey 21,589 914 70.7 4.4 31.4 26.4
20 20 Bank Islam Malaysia 20,514 112 7.4 0.6 59.7 19.4
21 23 Public Islamic Bank Malaysia 20,377 140 10.1 0.7 35.0 16.0
22 24 Emirates Islamic Bank UAE 20,355 338 14.0 1.7 48.4 19.0
23 22 Bank Syariah Indonesia Indonesia 19,688 287 15.6 1.5 54.1 20.3
24 21 Islami Bank Bangladesh Bangladesh 17,267 67 9.2 0.4 59.0 12.7
25 27 Sharjah Islamic Bank UAE 16,097 177 8.6 1.2 38.8 19.1
26 25 QIIB Qatar 15,491 295 12.4 1.8 20.4 17.7
27 29 AmBank Islamic Malaysia 14,004 120 12.9 0.9 32.6 17.1
28 31 Warba Bank Kuwait 13,691 63 5.2 0.5 44.5 16.9
29 30 MBSB Bank Malaysia 12,346 108 6.8 0.9 41.5 23.7
30 34 Kuwait International Bank Kuwait 11,669 45 4.0 0.4 49.8 16.6
31 33 Hong Leong Islamic Bank Malaysia 11,655 70 8.9 0.6 28.8 15.1
32 32 Meezan Bank Pakistan 11,406 223 44.7 2.0 34.3 18.6
33 41 Ziraat Katilim Bankasi Turkey 11,348 235 47.9 2.5 27.2 15.6
34 42 Al Salam Bank Bahrain 10,343 88 10.8 1.0 52.4 21.9
35 39 Vakif Katilim Bankasi Turkey 10,049 290 31.8 3.3 31.4 17.2
36 38 BIBD Brunei 8,621 127 13.5 1.6 45.6 18.6
37 43 Affin Islamic Bank Malaysia 7,962 23 4.5 0.3 37.1 19.4
38 37 Albaraka Turk Katilim Bankasi Turkey 7,854 113 23.1 1.4 45.1 15.8
39 35 Turkiye Finans Katilim Bankasi Turkey 7,797 178 33.6 2.2 30.6 23.0
40 40 Jordan Islamic Bank Jordan 7,691 86 11.6 1.1 44.7 21.2
41 44 Bank Muamalat Malaysia 7,200 51 7.9 0.8 59.1 17.6
42 36 Faisal Islamic Bank Egypt 6,248 256 24.8 3.4 38.2 29.0
43 - Ithmaar Bank Bahrain 6,126 22 9.8 0.3 69.4 13.2
44 45 First Security Islami Bank Bangladesh 5,836 32 13.8 0.5 56.9 12.1
45 47 Ajman Bank UAE 5,747 44 6.4 0.8 49.0 15.6
46 65 Turkiye Emlak Katilim Bankasi Turkey 5,288 172 80.4 4.2 28.1 28.2
47 46 EXIM Bank Bangladesh 5,112 40 11.5 0.7 52.9 13.9
48 52 HSBC Amanah Malaysia 5,062 55 10.5 1.2 40.4 19.0
49 49 Al-Arafah Islami Bank Bangladesh 5,036 23 8.1 0.4 48.9 14.2
50 48 Abu Dhabi Islamic Bank Egypt 4,718 116 28.4 2.2 27.1 14.3
51 56 Arabi Islami Jordan 4,155 50 14.3 1.3 47.3 19.2
52 51 Kuwait Finance House Bahrain 4,151 65 13.8 1.5 50.1 27.6
53 53 Social Islami Bank Bangladesh 4,142 27 12.5 0.6 60.5 11.9
54 54 OCBC Al-Amin Bank Malaysia 4,085 44 10.3 1.1 31.8 20.2
55 55 Bank Muamalat Indonesia 3,952 2 0.5 0.0 87.1 32.7
56 59 Bank Nizwa Oman 3,860 39 6.3 1.0 46.4 16.7
57 63 Khaleeji Bank Bahrain 3,782 37 9.0 1.1 45.4 19.5
58 60 Alliance Islamic Bank Malaysia 3,687 36 12.7 1.0 35.5 17.1
59 62 Safwa Islamic Bank Jordan 3,638 21 9.1 0.6 44.7 16.9
60 57 Al Hilal Bank UAE 3,624 10 2.3 0.3 90.7 16.9
61 61 Bahrain Islamic Bank Bahrain 3,612 33 9.6 0.9 56.1 19.5
62 50 Al Baraka Bank Egypt 3,519 93 25.7 2.1 22.9 17.7
63 58 Shahjalal Islami Bank Bangladesh 3,250 39 16.9 1.1 41.0 14.1
64 71 Al Rajhi Bank Malaysia 3,027 7 3.7 0.3 75.5 20.2
65 64 Al Rayan Bank United Kingdom 2,892 20 10.2 0.7 62.4 17.4
66 68 Alizz Islamic Bank Oman 2,785 16 5.8 0.6 65.3 14.5
67 72 Bank of Khartoum Sudan 2,675 96 42.0 3.9 41.7 18.1
68 66 Union Bank Bangladesh 2,590 16 10.5 0.6 44.7 11.4
69 70 Islamic Bank of Thailand Thailand 2,253 7 n.m..0 0.3 70.9 -5.5
70 67 Standard Bank Bangladesh 2,218 12 6.5 0.5 74.3 14.0
71 69 BankIslami Pakistan 2,154 22 18.2 1.0 49.7 17.8
72 75 Standard Chartered Saadiq Malaysia 1,968 15 9.1 0.8 64.9 31.8
73 73 Dubai Islamic Bank Pakistan 1,968 19 13.6 1.0 43.8 15.6
74 78 Al Salam Bank Algeria 1,896 31 15.0 1.8 34.2 n.a.
75 74 Bank Aceh Syariah Indonesia 1,852 29 14.7 1.5 73.0 23.5
76 77 Arab Islamic Bank Palestine 1,661 13 9.7 0.8 55.2 14.4
77 76 Kuwait Finance House Malaysia 1,634 18 4.7 1.1 59.3 42.2
78 81 Gatehouse Bank United Kingdom 1,610 10 8.5 0.7 78.6 18.9
79 79 Palestine Islamic Bank Palestine 1,516 15 10.7 1.0 60.2 14.4
80 80 Global Islami Bank Bangladesh 1,468 10 9.3 0.7 54.5 16.5
81 82 Bank BTPN Syariah Indonesia 1,363 120 23.2 8.9 37.1 53.7
82 84 International Development Bank Iraq 1,233 9 4.3 0.8 76.1 37.4
83 85 SIIB Syria 1,118 13 16.5 1.2 28.6 14.8
84 87 Bank Mega Syariah Indonesia 1,035 16 11.3 1.7 52.0 27.0
85 83 AlBaraka Bank Pakistan 1,032 7 10.8 0.7 63.1 15.8
86 86 Bank Panin Dubai Syariah Indonesia 953 17 10.6 1.8 43.2 22.7
87 97 Iraqi Islamic Bank Iraq 916 15 7.9 2.0 45.3 34.0
88 90 MCB Islamic Bank Pakistan 879 8 11.3 0.9 64.2 20.4
89 95 Jaiz Bank Nigeria 848 16 28.0 2.2 60.1 19.5
90 89 KT Bank Germany 837 2 1.6 0.3 80.9 17.4
91 92 Bank NTB Syariah Indonesia 837 12 12.1 1.4 67.0 26.4
92 93 Bank BCA Syariah Indonesia 816 8 4.1 1.1 44.6 36.7
93 94 Bank BJB Syariah? Indonesia 801 7 7.9 0.9 77.5 25.8
94 99 Al Baraka Bank Syria 586 23 26.9 4.2 28.8 48.0
95 - Al Janoob Islamic Bank Iraq 583 16 8.5 3.1 38.1 57.0
96 100 Albaraka Bank South Africa 500 4 6.2 0.7 76.6 18.0
97 - Bank KB Bukopin Syariah Indonesia 452 n.a. n.a..0 n.a..0 n.a. 23.7 (1)
98 - Maldives Islamic Bank Maldives 396 8 17.1 2.1 48.6 19.4
99 - Safa Bank Palestine 393 1 1.8 0.3 82.4 20.3
100 98 Amana Bank Sri Lanka 386 3 5.6 0.6 55.3 15.8

Note:

  • Data for FY2022, cutoff in March 2023, excludes Tejarat Bank and Bank Pasargad, based on FY ending March 31, 2022
  • n.a.: not available; n.m.: not meaningful.
  • (1) FY2021 figures

Source: TABInsights, S&P Global Market Intelligence

Special Offer
Get Flat 20% Off
ON TABInsights Subscription
Avail Offer

World's largest Islamic banks in 2022

Saudi Arabia-based Al Rajhi Bank remained the largest Islamic bank in the world, according to the evaluation of the 100 largest Islamic banks and financial holding companies (banks) in the world for the financial year (FY) 2021, with March 2022 cutoff. This year’s evaluation covers the 100 largest Islamic banks and financial holding companies (banks) from 26 countries.

Islamic banking has been adopted by more countries and banks. Malaysia had the most Islamic banks on the list, while Saudi Arabia held the largest share of total assets. The aggregate total assets of Saudi Arabian Islamic banks exceeded that of Malaysian Islamic banks, as the four Saudi Arabian banks in the ranking grew total assets by 24.2% in FY2021, against 5.6% for the Malaysian Islamic banks. Forty-four out of the 100 largest Islamic banks are from Asia. These banks held 24.5% of the aggregate total assets of the 100 banks. Going forward, it is expected that the Islamic banking industry will sustain the growth momentum.

Islamic Bank Rank 2022 Islamic Bank Rank 2021 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Al Rajhi Bank Saudi Arabia 166,122 3,931 24.1 2.7 26.9 17.6
2 - Tejarat Bank Iran 130,084 915 13.1 0.8 60.0 2.9
3 - Bank Pasargad Iran 94,767 3,514 46.9 4.4 48.8 10.9
4 2 Dubai Islamic Bank UAE 75,982 1,200 10.9 1.5 26.8 17.1
5 3 Kuwait Finance House Kuwait 71,873 1,027 14.1 1.4 38.1 18.7
6 4 Maybank Islamic Malaysia 62,855 752 24.6 1.1 26.3 20.1
7 5 Qatar Islamic Bank Qatar 53,266 976 14.9 1.9 18.1 18.9
8 8 Masraf Al Rayan Qatar 47,806 475 11.0 1.3 22.0 20.9
9 6 Alinma Bank Saudi Arabia 46,207 722 10.0 1.7 35.6 22.8
10 7 Abu Dhabi Islamic Bank UAE 37,263 634 11.8 1.8 41.7 18.6
11 14 Dukhan Bank Qatar 30,415 328 9.7 1.2 27.4 18.4
12 9 CIMB Islamic Bank Malaysia 29,618 210 11.8 0.7 41.9 18.9
13 12 Bank Albilad Saudi Arabia 29,527 450 14.8 1.6 46.6 18.7
14 10 Al Baraka Group Bahrain 28,096 190 8.9 0.7 50.8 15.6
15 11 Bank Rakyat Malaysia 27,615 319 6.2 1.2 39.9 26.3
16 13 Bank AlJazira Saudi Arabia 27,389 268 7.8 1.0 49.8 24.4
17 17 Boubyan Bank Kuwait 24,252 159 6.9 0.7 46.8 16.4
18 15 RHB Islamic Bank Malaysia 23,761 191 14.7 0.8 25.7 20.8
19 16 Kuveyt Turk Katilim Bankasi Turkey 20,245 390 36.4 1.8 37.1 22.5
20 19 Bank Islam Malaysia 19,238 129 8.4 0.7 55.7 18.6
21 22 IBBL Bangladesh 18,658 57 7.5 0.3 61.1 13.7
22 - Bank Syariah Indonesia Indonesia 18,621 212 14.2 1.4 56.1 22.1
23 20 Public Islamic Bank Malaysia 18,473 134 10.2 0.8 33.0 15.1
24 18 Emirates Islamic Bank UAE 17,671 224 9.9 1.2 49.7 19.7
25 21 QIIB Qatar 16,973 276 12.0 1.6 20.5 16.7
26 24 Ahli United Bank Kuwait 15,086 103 5.0 0.7 41.7 18.2
27 23 Sharjah Islamic Bank UAE 14,962 140 6.7 0.9 43.2 20.8
28 - Middle East Bank Iran 12,547 481 41.3 4.3 17.3 13.5
29 25 AmBank Islamic Malaysia 12,178 45 4.9 0.4 33.9 17.3
30 26 MBSB Bank Malaysia 11,896 110 6.6 0.9 31.1 21.8
31 27 Warba Bank Kuwait 11,810 53 5.4 0.5 29.4 21.5
32 29 Meezan Bank Pakistan 10,814 175 35.0 1.7 42.1 18.1
33 30 Hong Leong Islamic Bank Malaysia 10,808 96 12.6 0.9 25.8 15.1
34 32 Kuwait International Bank Kuwait 10,342 37 3.1 0.4 68.9 19.2
35 28 Turkiye Finans Katilim Bankasi Turkey 8,519 107 15.8 1.1 45.8 18.9
36 35 Faisal Islamic Bank Egypt 8,484 192 18.5 2.4 40.7 32.2
37 31 Albaraka Turk Katilim Bankasi Turkey 8,333 109 16.7 1.1 48.4 14.7
38 36 BIBD Brunei 7,838 111 11.7 1.5 46.5 20.5
39 37 Vakif Katilim Bankasi Turkey 7,604 143 16.5 1.8 27.0 18.3
40 38 Jordan Islamic Bank Jordan 7,480 83 11.6 1.2 42.9 23.0
41 34 Ziraat Katilim Bankasi Turkey 7,462 65 14.2 0.8 30.5 14.0
42 41 Al Salam Bank Bahrain 7,120 56 7.3 0.8 52.6 28.5
43 40 Affin Islamic Bank Malaysia 6,830 46 9.8 0.7 45.6 19.0
44 39 Bank Muamalat Malaysia 6,616 38 5.9 0.6 60.2 17.3
45 43 First Security Islami Bank Bangladesh 6,258 40 17.7 0.7 51.3 12.1
46 44 EXIM Bank Bangladesh 6,225 25 6.9 0.4 54.2 14.4
47 42 Ajman Bank UAE 6,083 32 4.5 0.5 42.6 15.9
48 47 Abu Dhabi Islamic Bank Egypt 5,766 92 23.7 1.8 37.8 12.9
49 45 Al-Arafah Islami Bank Bangladesh 5,295 25 8.3 0.5 48.8 15.5
50 46 Al Baraka Bank Egypt 5,237 72 20.3 1.4 25.8 20.8
51 48 Kuwait Finance House Bahrain 4,878 61 13.1 1.3 49.2 28.9
52 50 HSBC Amanah Malaysia 4,666 12 2.4 0.3 47.2 19.6
53 51 Social Islami Bank Bangladesh 4,655 21 9.4 0.5 57.1 11.6
54 52 OCBC Al-Amin Bank Malaysia 4,382 22 5.1 0.5 39.2 20.8
55 54 Bank Muamalat Indonesia 4,134 1 0.2 0.0 97.9 23.8
56 55 Arabi Islami Jordan 3,963 48 13.3 1.3 43.8 20.5
57 53 Al Hilal Bank UAE 3,710 13 2.9 0.4 86.8 19.8
58 57 Shahjalal Islami Bank Bangladesh 3,649 31 13.6 0.9 45.3 14.7
59 59 Bank Nizwa Oman 3,649 33 6.6 1.0 51.6 18.8
60 56 Alliance Islamic Bank Malaysia 3,543 30 10.1 0.9 34.8 18.5
61 58 Bahrain Islamic Bank Bahrain 3,513 16 5.4 0.5 53.5 19.1
62 63 Safwa Islamic Bank Jordan 3,295 20 8.9 0.7 44.9 18.1
63 61 Khaleeji Commercial Bank Bahrain 3,093 29 7.0 1.0 42.0 19.3
64 - Al Rayan Bank UK 3,059 12 5.9 0.4 79.4 n.a.
65 60 Turkiye Emlak Katilim Bankasi Turkey 2,882 17 9.0 0.6 62.0 27.9
66 64 Union Bank Bangladesh 2,794 10 9.1 0.4 45.3 10.5
67 - Standard Bank Bangladesh 2,589 9 4.7 0.4 71.0 13.0
68 66 Alizz Islamic Bank Oman 2,530 11 4.3 0.5 71.3 14.9
69 68 BankIslami Pakistan 2,317 13 9.5 0.6 74.4 14.2
70 62 Islamic Bank of Thailand Thailand 2,242 11 n.m. 0.5 78.7 -6.0
71 73 Al Rajhi Bank Malaysia 2,187 3 1.8 0.2 92.6 18.8
72 49 Bank of Khartoum Sudan 2,167 159 81.0 5.8 36.0 11.2
73 70 Dubai Islamic Bank Pakistan 1,992 19 11.8 1.0 52.8 15.5
74 72 Bank Aceh Syariah Indonesia 1,977 27 15.2 1.5 71.3 20.0
75 71 Standard Chartered Saadiq Malaysia 1,784 -7 -4.0 -0.4 69.8 28.3
76 67 Kuwait Finance House Malaysia 1,768 18 4.3 0.9 53.8 39.6
77 74 Arab Islamic Bank Palestine 1,737 12 9.4 0.7 58.0 13.6
78 - Al Salam Bank Algeria 1,709 25 13.6 1.7 36.1 n.a.
79 75 Palestine Islamic Bank Palestine 1,656 14 10.5 0.9 59.2 14.3
80 - Global Islam Bank Bangladesh 1,544 16 18.2 1.1 49.6 10.7
81 - Gatehouse Bank UK 1,390 5 3.1 0.4 86.6 19.8
82 77 Bank BTPN Syariah Indonesia 1,302 102 22.7 8.4 39.5 58.3
83 76 AlBaraka Bank Pakistan 1,236 4 4.8 0.3 65.5 13.0
84 84 International Development Bank Iraq 1,060 n.a. n.a. n.a. n.a. n.a.
85 79 SIIB Syria 1,013 48 65.2 4.5 14.4 14.9
86 82 Bank Panin Dubai Syariah Indonesia 1,013 -57 -27.1 -6.8 50.3 25.8
87 78 Bank Mega Syariah Indonesia 986 38 27.7 3.1 32.1 25.6
88 - Omdurman National Bank Sudan 981 32 58.2 2.7 38.1 n.a.
89 - KT Bank Germany 980 -1 -0.7 -0.1 85.5 16.8
90 81 MCB Islamic Bank Pakistan 914 1 0.9 0.1 109.7 12.1
91 92 Cihan Bank Iraq 860 5 2.4 0.7 64.0 148.9
92 85 Bank NTB Syariah Indonesia 787 10 9.8 1.2 66.4 29.5
93 86 Bank BCA Syariah Indonesia 747 6 3.1 0.9 42.3 41.4
94 87 Bank BJB Syariah Indonesia 727 2 1.8 0.2 73.9 23.4
95 88 Jaiz Bank Nigeria 677 11 22.5 1.7 61.3 22.9
96 - Summit Bank Pakistan 635 -18 n.m. -2.5 n.m. -65.1
97 90 Iraqi Islamic Bank Iraq 628 5 2.4 0.8 71.7 55.0
98 91 Amana Bank Sri Lanka 601 4 6.4 0.8 61.1 15.7
99 - Al Baraka Bank Syria 555 50 65.5 8.1 12.5 39.7
100 89 Albaraka Bank South Africa 538 3 4.6 0.4 82.3 17.1

Note: n.a.: not available; n.m.: not meaningful

Source: TABInsights, S&P Global Market Intelligence

Special Offer
Get Flat 20% Off
ON TABInsights Subscription
Avail Offer

World's largest Islamic banks in 2021

Saudi Arabia-based Al Rajhi Bank topped the ranking of the largest Islamic banks in the world, according to an evaluation of the 100 largest Islamic banks and financial holding companies (banks) in the world for the financial year (FY) 2020, with a March 2021 cutoff. The 100 largest Islamic banks combined had $1.1 trillion in total assets, $721 billion in net loans, $824 billion in customer deposits and $12.7 billion in net profit. The aggregate total assets of these banks increased by 12%, while aggregate net profit slid by 15%. The top 10 banks’ ranking of the largest Islamic banks remained almost the same.

Malaysia had the most Islamic banks on the list, followed by Indonesia, Bahrain and Bangladesh. Meanwhile, Malaysia also held the largest share of total assets at 21.8%, while Saudi Arabia, the United Arab Emirates (UAE), Kuwait and Qatar accounted for 19.5%, 14.1%, 11.4% and 11% of the aggregate total assets respectively. Out of the 100 Islamic banks, 42 are from Asia. These banks held 29% of the aggregate total assets of the 100 largest Islamic banks, but only generated 16% of the aggregate net profit.

Islamic Bank Rank 2021 Islamic Bank Rank 2020 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Al Rajhi Bank Saudi Arabia 124,970 2,824 20.1 2.5 32.5 19.1
2 2 Dubai Islamic Bank UAE 78,834 860 8.1 1.1 28.8 18.5
3 3 Kuwait Finance House Kuwait 70,687 600 8.7 0.9 37.3 17.5
4 4 Maybank Islamic Malaysia 63,509 360 13.3 0.6 38.7 18.1
5 5 Qatar Islamic Bank Qatar 47,893 831 13.7 1.8 20.1 19.4
6 6 Alinma Bank Saudi Arabia 41,817 524 8.4 1.4 36.9 19.3
7 7 Abu Dhabi Islamic Bank UAE 34,799 437 8.6 1.3 45.7 18.8
8 8 Masraf Al Rayan Qatar 33,269 599 15.9 1.9 21.5 20.3
9 10 CIMB Islamic Bank Malaysia 28,935 118 7.3 0.4 40.2 16.8
10 9 Al Baraka Banking Group Bahrain 28,163 166 7.3 0.6 49.2 16.0
11 11 Bank Rakyat Malaysia 27,807 232 4.8 0.9 39.8 24.6
12 13 Bank AlBilad Saudi Arabia 25,521 359 13.6 1.5 48.5 17.9
13 12 Bank AlJazira Saudi Arabia 24,547 9 0.3 0.0 51.6 23.6
14 14 Dukhan Bank Qatar 23,705 156 4.9 0.7 27.5 16.4
15 17 RHB Islamic Bank Malaysia 21,621 81 6.9 0.4 30.7 18.0
16 15 Kuveyt Turk Katilim Bankasi Turkey 21,302 246 23.6 1.2 46.9 20.1
17 16 Boubyan Bank Kuwait 21,162 109 5.3 0.5 45.4 16.9
18 18 Emirates Islamic Bank UAE 19,214 -131 -5.9 -0.7 51.9 19.2
19 21 Bank Islam Malaysia 18,572 135 9.5 0.8 50.4 19.8
20 20 Public Islamic Bank Malaysia 17,807 92 7.4 0.6 34.8 16.1
21 19 QIIB Qatar 16,842 258 11.7 1.6 22.0 16.5
22 24 IBBL Bangladesh 16,165 56 7.8 0.4 62.9 13.8
23 23 Sharjah Islamic Bank UAE 14,593 110 5.4 0.8 45.9 20.7
24 22 Ahli United Bank Kuwait 14,366 97 5.9 0.7 36.9 15.7
25 27 AmBank Islamic Malaysia 12,813 29 3.2 0.3 38.8 16.7
26 26 MBSB Bank Malaysia 11,553 66 4.3 0.6 25.6 20.8
27 25 Warba Bank Kuwait 11,425 18 2.1 0.2 33.4 16.9
28 28 Turkiye Finans Katilim Bankasi Turkey 10,910 97 13.1 1.0 44.9 16.8
29 35 Meezan Bank Pakistan 9,536 140 33.2 1.8 39.5 18.1
30 29 Hong Leong Islamic Bank Malaysia 9,512 85 12.9 0.9 27.9 15.2
31 31 Albaraka Turk Katilim Bankasi Turkey 9,361 45 7.6 0.5 55.4 14.2
32 30 Kuwait International Bank Kuwait 9,210 0 0.0 0.0 57.4 22.1
33 33 Ithmaar Bank Bahrain 8,215 -29 -8.7 -0.4 83.4 12.6
34 37 Ziraat Katilim Bankasi Turkey 8,104 92 18.5 1.4 28.9 14.7
35 36 Faisal Islamic Bank Egypt 7,417 146 15.7 2.1 41.7 31.4
36 32 BIBD Brunei 7,344 99 10.7 1.3 44.9 20.0
37 40 Vakif Katilim Bankasi Turkey 7,111 96 15.9 1.5 33.3 18.6
38 38 Jordan Islamic Bank Jordan 6,833 74 11.1 1.1 46.3 23.7
39 42 Bank Muamalat Malaysia 6,412 41 6.9 0.7 64.9 18.0
40 - Affin Islamic Bank Malaysia 6,260 14 3.0 0.2 50.7 20.3
41 41 Al Salam Bank Bahrain 6,003 24 3.0 0.4 50.7 26.5
42 39 Ajman Bank UAE 5,855 15 2.2 0.2 42.5 16.0
43 43 First Security Islami Bank Bangladesh 5,722 33 16.7 0.6 54.4 12.1
44 44 EXIM Bank Bangladesh 5,576 33 9.4 0.6 51.9 13.3
45 45 Al-Arafah Islami Bank Bangladesh 4,815 30 10.4 0.6 50.2 16.0
46 47 Al Baraka Bank Egypt 4,798 79 28.1 1.7 21.9 20.4
47 50 Abu Dhabi Islamic Bank Egypt 4,694 76 24.4 1.8 37.7 13.9
48 48 Kuwait Finance House Bahrain 4,660 40 8.4 0.9 58.7 21.8
49 - Bank of Khartoum Sudan 4,646 22 9.7 0.7 67.3 10.3
50 46 HSBC Amanah Malaysia 4,588 22 4.7 0.5 46.0 21.3
51 49 Social Islami Bank Bangladesh 4,390 18 8.8 0.5 58.1 13.6
52 51 OCBC Al-Amin Bank Malaysia 3,957 17 4.2 0.4 43.0 19.8
53 - Al Hilal Bank UAE 3,845 4 0.8 0.1 91.9 17.7
54 56 Bank Muamalat Indonesia 3,679 1 0.3 0.0 94.4 15.2
55 57 Arabi Islami Jordan 3,587 43 13.3 1.3 46.3 22.4
56 54 Alliance Islamic Bank Malaysia 3,523 2 0.6 0.0 36.5 18.8
57 58 Shahjalal Islami Bank Bangladesh 3,416 23 10.9 0.7 53.9 13.7
58 55 Bahrain Islamic Bank Bahrain 3,216 -33 -11.6 -1.0 65.7 16.0
59 59 Bank Nizwa Oman 3,133 29 7.2 1.0 51.5 13.7
60 66 Turkiye Emlak Katilim Bankasi Turkey 2,733 12 6.5 0.6 56.6 28.3
61 60 Khaleeji Commercial Bank Bahrain 2,696 21 6.4 0.8 45.9 20.3
62 62 Islamic Bank of Thailand Thailand 2,583 -81 n.m. -3.3 93.5 -6.5
63 63 Safwa Islamic Bank Jordan 2,567 14 6.8 0.6 50.6 19.7
64 - Union Bank Bangladesh 2,431 12 11.2 0.5 46.0 11.2
65 64 ABC Islamic Bank Bahrain 2,314 29 8.7 1.3 14.3 34.7
66 68 Alizz Islamic Bank Oman 2,248 -20 -8.9 -1.0 93.4 16.0
67 65 Kuwait Finance House Malaysia 2,136 -3 -0.8 -0.1 69.8 36.8
68 69 BankIslami Pakistan 2,111 10 7.8 0.5 63.0 16.1
69 - Al Baraka Bank Algeria 2,034 33 14.0 1.6 33.9 n.a.
70 67 Dubai Islamic Bank Pakistan 1,894 18 12.4 1.0 50.7 16.9
71 71 Standard Chartered Saadiq Malaysia 1,863 2 1.2 0.1 60.7 28.5
72 70 Bank Aceh Syariah Indonesia 1,829 23 13.5 1.3 72.3 18.6
73 72 Al Rajhi Bank Malaysia 1,774 -16 -8.9 -1.0 124.2 18.5
74 73 Arab Islamic Bank Palestine 1,557 8 6.9 0.6 68.1 13.4
75 75 Palestine Islamic Bank Palestine 1,511 11 9.3 0.8 61.3 14.6
76 - AlBaraka Bank Pakistan 1,204 5 6.0 0.4 66.1 12.9
77 76 Bank BTPN Syariah Indonesia 1,180 59 15.3 5.5 44.8 49.4
78 84 Bank Mega Syariah Indonesia 1,157 9 9.3 1.4 42.9 24.1
79 - SIIB Syria 1,057 73 84.5 5.0 12.1 11.5
80 77 Kurdistan International Bank Iraq 981 9 1.8 0.9 59.6 n.a.
81 79 MCB Islamic Bank Pakistan 882 1 2.0 0.2 91.9 12.0
82 78 Bank Panin Dubai Indonesia 811 0 0.0 0.0 99.1 31.4
83 82 Qatar First Bank Qatar 780 -70 -42.9 -9.4 n.m. 15.3
84 - International Development Bank Iraq 757 n.a. n.a. n.a. n.a. n.a.
85 80 Bank NTB Syariah Indonesia 748 9 9.4 1.3 64.7 31.6
86 85 Bank BCA Syariah Indonesia 698 5 3.0 0.8 52.2 45.3
87 86 BJB Syariah Indonesia 638 0 0.4 0.0 91.5 24.1
88 88 Jaiz Bank Nigeria 612 8 18.6 1.5 61.5 20.0
89 89 Albaraka Bank South Africa 592 2 4.6 0.5 78.1 17.4
90 - Iraqi Islamic Bank Iraq 552 13 5.4 1.9 39.8 55.0
91 87 Amana Bank Sri Lanka 539 2 3.8 0.5 69.9 17.4
92 - Cihan Bank Iraq 487 3 1.2 0.5 n.a. n.a.
93 91 Bank Syariah Bukopin Indonesia 375 0 0.0 0.0 82.1 22.2
94 93 Gulf African Bank Kenya 345 4 8.1 1.1 66.7 19.0
95 94 Safa Bank Palestine 321 -5 -7.7 -1.7 164.7 28.8
96 - Maldives Islamic Bank Maldives 284 5 12.7 1.8 51.2 22.2
97 - Al Janoob Islamic Bank Iraq 272 0 0.2 0.1 86.9 78.0
98 - Elaf Islamic Bank Iraq 209 3 1.4 1.1 33.9 111.0
99 95 First Community Bank Kenya 201 2 11.2 1.0 79.0 9.3
100 - Al Jazeera Sudanese Jordanian Bank Sudan 171 5 19.8 3.5 56.8 n.a.

Note: n.a.: not available; n.m.: not meaningful

Source: TABInsights, S&P Global Market Intelligence

World's largest Islamic banks in 2020

Saudi Arabia-based Al Rajhi Bank retained its top spot as the largest Islamic bank, according to the evaluation of the 100 largest Islamic banks and financial holding companies (banks) in the world. This year, the financial information in the first half of the financial year 2020 (1H FY2020) was collated and incorporated into the assessment of how Islamic banks performed during the COVID-19 pandemic. Dubai Islamic Bank ranked second. The bank posted a strong asset growth of 29% after its acquisition of Noor Bank.

At the aggregate level, the total assets of Islamic banks on the list stood at $1.03 trillion, compared to $903.9 billion in the previous year’s evaluation, which was based on data in FY 2018. The overall profitability of Islamic banks weakened amid the pandemic. Aggregate net profit was down from $6.7 billion in 1H FY2019 to $5.3 billion in 1H FY2020. The aggregate total assets of Islamic banks from Malaysia, Saudi Arabia, UAE, Kuwait and Qatar account for 77% of the total assets of the 100 largest Islamic banks. Bahrain and Indonesia combined have 7.9% share of total bank assets, although there are 26 Islamic banks from these two countries.

Islamic Bank Rank 2020 Islamic Bank Rank 2019 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 1 Al Rajhi Bank Saudi Arabia 111,338 1,283 19.0 2.4 33.3 19.0
2 2 Dubai Islamic Bank UAE 80,261 577 11.3 1.6 31.1 16.7
3 3 Kuwait Finance House Kuwait 66,783 215 6.1 0.7 36.2 16.5
4 4 Maybank Islamic Malaysia 57,951 122 9.3 0.4 45.1 18.4
5 5 Qatar Islamic Bank Qatar 45,540 382 12.9 1.7 21.1 18.6
6 7 Alinma Bank Saudi Arabia 37,904 251 8.3 1.4 39.4 19.6
7 6 Abu Dhabi Islamic Bank UAE 33,874 160 6.4 0.9 49.2 18.2
8 9 Masraf Al Rayan Qatar 30,032 298 16.2 2.0 22.7 19.7
9 11 Al Baraka Banking Group Bahrain 26,104 90 8.1 0.7 50.3 16.7*
10 12 CIMB Islamic Bank Malaysia 26,068 49 6.2 0.4 45.2 16.9
11 10 Bank Rakyat Malaysia 25,561 161 7.0 1.2 34.6 23.4
12 14 Bank AlJazira Saudi Arabia 24,489 93 6.0 0.8 55.3 24.2
13 13 Bank AlBilad Saudi Arabia 23,677 157 12.3 1.3 49.6 17.7
14 22 Dukhan Bank Qatar 20,717 145 9.2 1.4 31.8 17.1
15 - Kuveyt Turk Katilim Bankasi Turkey 20,119 136 25.3 1.4 46.6 21.0
16 19 Boubyan Bank Kuwait 19,894 57 5.5 0.6 46.2 16.8
17 16 RHB Islamic Bank Malaysia 18,238 26 4.6 0.3 31.2 16.7
18 15 Emirates Islamic Bank UAE 17,478 3 0.3 0.0 47.2 20.0
19 21 QIIB Qatar 16,289 141 13.0 1.7 21.4 17.3
20 18 Public Islamic Bank Malaysia 16,089 37 6.1 0.5 36.6 16.2
21 17 Bank Islam Malaysia 16,011 67 9.8 0.9 49.3 19.2
22 - Ahli United Bank Kuwait 14,363 57 6.8 0.8 37.6 14.8
23 23 Sharjah Islamic Bank UAE 14,340 68 6.7 1.0 44.7 21.2
24 25 IBBL Bangladesh 13,658 37 10.3 0.6 54.3 13.0*
25 31 Warba Bank Kuwait 11,019 -48 -10.9 -0.9 49.5 15.1
26 27 MBSB Bank Malaysia 10,829 -25 -3.2 -0.4 23.4 19.5
27 26 AmBank Islamic Malaysia 10,793 26 5.9 0.5 42.0 16.5
28 - Turkiye Finans Katilim Bankasi Turkey 9,928 62 16.3 1.4 42.5 17.0
29 29 Hong Leong Islamic Bank Malaysia 9,149 41 12.9 0.9 29.1 15.6
30 32 Kuwait International Bank Kuwait 8,910 1 0.1 0.0 64.4 18.2
31 - Albaraka Turk Katilim Bankasi Turkey 8,689 11 3.6 0.3 65.8 16.2
32 30 BIBD ** Brunei 7,941 114 12.7 1.5 41.7 18.3
33 28 Ithmaar Bank Bahrain 7,933 1 0.3 0.0 67.1 13.7
34 33 Bank Syariah Mandiri Indonesia 7,919 49 15.0 1.3 46.4 17.4
35 34 Meezan Bank Pakistan 7,521 73 36.3 2.0 40.1 20.9
36 39 Faisal Islamic Bank Egypt 6,779 54 12.2 1.6 47.5 30.6
37 - Ziraat Katilim Bankasi Turkey 6,727 21 8.5 0.7 29.5 15.0
38 37 Jordan Islamic Bank Jordan 6,414 38 12.0 1.2 47.6 24.1
39 35 Ajman Bank UAE 6,413 12 3.5 0.4 50.8 15.4
40 - Vakif Katilim Bankasi Turkey 6,377 44 15.2 1.6 30.2 21.7
41 42 Al Salam Bank Bahrain 5,819 19 4.7 0.7 48.1 27.4
42 38 Bank Muamalat Malaysia 5,702 2 0.7 0.1 78.4 18.0
43 43 First Security Islami Bank Bangladesh 5,424 9 9.6 0.3 62.0 11.4*
44 44 EXIM Bank Bangladesh 5,261 17 9.6 0.6 53.9 12.6*
45 46 Al-Arafah Islami Bank Bangladesh 4,651 11 7.3 0.5 55.4 14.6*
46 40 HSBC Amanah Malaysia 4,618 3 1.2 0.1 44.9 19.5
47 49 Al Baraka Bank Egypt 4,559 34 26.3 1.5 24.5 20.0
48 45 Kuwait Finance House Bahrain 4,440 10 4.5 0.5 56.8 20.1
49 - Social Islami Bank Bangladesh 4,068 5 5.1 0.3 65.3 13.9*
50 54 Abu Dhabi Islamic Bank Egypt 4,042 34 23.1 1.7 38.1* 13.5
51 48 OCBC Al-Amin Bank Malaysia 3,936 9 4.6 0.4 45.3 19.1
52 53 Bank BNI Syariah Indonesia 3,514 18 10.5 1.1 58.2 20.7
53 55 Bank BRIsyariah Indonesia 3,432 8 4.5 0.5 50.3 23.7
54 - Alliance Islamic Bank Malaysia 3,422 5 4.0 0.3 34.5 15.2
55 50 Bahrain Islamic Bank Bahrain 3,415 4 2.6 0.2 66.1 16.8
56 47 Bank Muamalat Indonesia 3,368 0 0.3 0.0 131.6 12.1
57 51 Arabi Islami Jordan 3,295 22 13.8 1.3 45.4 22.1
58 52 Shahjalal Islami Bank Bangladesh 3,236 12 11.8 0.8 48.9 15.3*
59 57 Bank Nizwa Oman 2,755 15 7.8 1.1 48.7 13.2
60 58 Khaleeji Commercial Bank Bahrain 2,548 15 9.8 1.2 49.0 21.4
61 60 Al Baraka Islamic Bank Bahrain 2,461 2 1.7 0.2 73.0 24.2
62 - Islamic Bank of Thailand Thailand 2,426 -79 n.m. -6.2 103.9 -7.7
63 68 Safwa Islamic Bank Jordan 2,377 7 6.9 0.6 51.9 21.0
64 65 ABC Islamic Bank Bahrain 2,309 14 9.0 1.3 15.4 32.3
65 59 Kuwait Finance House Malaysia 2,029 -6 -3.1 -0.6 111.5 32.4
66 - Turkiye Emlak Katilim Bankasi Turkey 1,886 1 1.7 0.2 42.7 35.9
67 66 Dubai Islamic Bank Pakistan 1,746 11 16.1 1.3 50.0 16.9
68 63 Alizz Islamic Bank Oman 1,729 -1 -1.0 -0.1 89.6 13.3
69 69 BankIslami Pakistan 1,706 6 9.5 0.6 55.4 18.5
70 67 Bank Aceh Syariah Indonesia 1,672 10 11.2 1.2 69.1 20.2
71 61 Standard Chartered Saadiq Malaysia 1,661 4 4.6 0.5 60.8 30.2
72 62 Al Rajhi Bank Malaysia 1,593 1 0.8 0.1 101.6 21.8
73 76 Arab Islamic Bank Palestine 1,469 4 7.0 0.6 71.0 13.6
74 76 Al Baraka Bank Syria 1,370 82 144.1 16.4 8.3 25.1
75 70 Palestine Islamic Bank Palestine 1,291 4 6.1 0.6 66.9 13.0*
76 74 Bank BTPN Syariah Indonesia 1,057 28 14.5 5.2 44.7 42.3
77 - Kurdistan International Bank Iraq 1,051 n.a. n.a. n.a. n.a. n.a.
78 79 Bank Panin Dubai Syariah Indonesia 734 0 0.2 0.0 110.2 16.3
79 78 MCB Islamic Bank Pakistan 716 0 1.0 0.1 90.0 13.4
80 - Bank NTB Syariah Indonesia 708 4 9.1 1.3 62.9 35.8*
81 88 Cham Islamic Bank Syria 703 69 154.9 25.3 6.7 29.8
82 73 Qatar First Bank Qatar 699 -56 -66.2 -14.8 n.m. 11.6*
83 75 First Energy Bank Bahrain 682 -113 -41.9 -29.2 117.1 63.9
84 80 Bank Mega Syariah Indonesia 597 2 4.5 0.7 74.1 19.3
85 81 Bank BCA Syariah Indonesia 590 2 2.4 0.7 59.6 38.4
86 84 Bank BJB Syariah Indonesia 509 1 2.8 0.3 90.1 16.0
87 - Amana Bank Sri Lanka 506 1 2.9 0.4 79.6 16.0
88 89 Jaiz Bank Nigeria 482 3 15.1 1.3 67.9 16.4*
89 82 Albaraka Bank South Africa 460 1 6.1 0.6 76.0 16.0
90 83 Bank Alkhair Bahrain 384 -11 -19.0 -5.8 n.a. -7.1
91 85 Bank Syariah Bukopin Indonesia 380 0 0.1 0.0 100.9 14.7
92 - Byblos Bank Syria 323 105 217.0 79.1 2.7 43.4
93 - Gulf African Bank Kenya 319 1 3.1 0.4 84.2 17.9
94 93 Safa Bank Palestine 245 -3 -9.7 -2.5 215.6 38.5
95 - First Community Bank Kenya 175 0 2.6 0.2 95.9 7.6
96 90 Venture Capital Bank Bahrain 156 -40 -86.4 -38.8 n.a. 8.5
97 94 Bank Victoria Syariah Indonesia 146 0 0.1 0.0 97.4 21.8
98 - Al Salam Bank Sudan 119 5 15.4 7.6 22.8 22.0*
99 99 Bank Net Indonesia Syariah Indonesia 54 4 19.8 16.6 157.8 346.4
100 - Citi Islamic Investment Bank Bahrain 34 1 7.4 4.3 61.2 66.2

Notes:

(1) n.a.: not available; n.m.: not meaningful

(2) *& ** FY2019 data

Source: TABInsights, S&P Global Market Intelligence

World's largest Islamic banks in 2019

Saudi Arabia-based Al Rajhi Bank topped the ranking of the largest Islamic bank, according to the evaluation of the 100 largest Islamic banks and financial holding companies (banks) in the world for the financial year (FY) 2018, with a March 2019 cutoff. Only Islamic banks whose financial data was available in FY2018 were included in the ranking. Islamic or Sharia-based banking is guided by Islamic economics. Because it eschews the charging and paying of interest and trading of assets that are non-Shariah compliant or haram, it is considered a more equitable and sustainable form of finance and has also gained popularity outside the Muslim world.

Malaysia, Saudi Arabia, the UAE, Qatar and Kuwait are the largest markets in terms of Islamic bank assets, with their aggregate assets representing 79% of the combined assets of the 100 largest Islamic banks. The Islamic banks in Malaysia held six out of the top 20 ranks and 16 of the total 100. Notably, the combined assets of all Malaysian Islamic banks accounted for 23% of the 100 largest Islamic banks’ assets.

Islamic Bank Rank 2019 Bank Country Assets
($,million)
Net Profit
($,million)
ROE (%) ROA (%) CIR (%) CAR (%)
1 Al Rajhi Bank Saudi Arabia 97,298 2,745 19.9 2.9 31.6 20.2
2 Dubai Islamic Bank UAE 60,899 1,362 16.2 2.3 28.3 17.5
3 Kuwait Finance House Kuwait 58,515 868 13.1 1.5 39.3 17.5
4 Maybank Islamic Malaysia 54,459 478 20.8 0.9 36.4 22.5
5 Qatar Islamic Bank Qatar 42,088 725 13.1 1.7 25.7 18.8
6 Abu Dhabi Islamic Bank UAE 34,085 681 15.2 2.0 45.8 17.2
7 Alinma Bank Saudi Arabia 32,398 671 12.5 2.1 38.3 21.1
8 Parsian Bank Iran 31,024 329 55.5 1.2 47.7 4.4
9 Masraf Al Rayan Qatar 26,723 588 16.8 2.1 24.0 19.2
10 Bank Rakyat Malaysia 25,846 299 7.2 1.2 35.3 23.3
11 Al Baraka Banking Group Bahrain 23,809 217 9.4 0.9 54.7 17.0
12 CIMB Islamic Bank Malaysia 23,580 201 16.3 0.9 34.6 16.2
13 Bank AlBilad Saudi Arabia 19,629 296 14.3 1.6 53.7 17.3
14 Bank AlJazira Saudi Arabia 19,460 267 9.6 1.4 59.6 27.5
15 Emirates Islamic Bank UAE 15,894 252 13.4 1.6 46.8 18.2
16 RHB Islamic Bank Malaysia 15,867 105 11.4 0.7 35.6 16.5
17 Bank Islam Malaysia 15,461 144 11.8 1.0 53.0 17.8
18 Public Islamic Bank Malaysia 15,034 115 10.9 0.8 39.9 16.1
19 Boubyan Bank Kuwait 14,307 185 12.2 1.3 40.8 18.2
20 Noor Bank UAE 13,809 164 10.1 1.3 37.4 16.2
21 QIIB Qatar 13,805 242 13.5 1.8 26.9 16.4
22 Barwa Bank Qatar 12,185 210 11.4 1.6 39.3 16.7
23 Sharjah Islamic Bank UAE 12,182 139 9.7 1.2 52.9 17.7
24 Al Hilal Bank UAE 11,883 29 1.9 0.2 57.4 17.3
25 IBBL Bangladesh 11,528 76 12.1 0.7 48.4 12.1
26 AmBank Islamic Malaysia 10,345 76 9.2 0.8 45.8 16.8
27 MBSB Bank Malaysia 10,343 93 11.3 1.4 29.4 14.6
28 Ithmaar Bank Bahrain 8,296 38 9.4 0.5 83.7 13.4
29 Hong Leong Islamic Bank Malaysia 7,792 70 13.2 1.0 32.1 15.5
30 BIBD Brunei 7,385 109 12.9 1.5 41.1 17.2
31 Warba Bank Kuwait 7,221 42 6.7 0.7 38.3 24.3
32 Kuwait International Bank Kuwait 7,141 69 7.9 1.0 54.0 16.6
33 Bank Syariah Mandiri Indonesia 6,818 42 7.9 0.7 59.1 16.3
34 Meezan Bank Pakistan 6,769 66 22.6 1.1 55.0 14.9
35 Ajman Bank UAE 6,165 46 8.4 0.8 47.6 16.9
36 AFFIN Islamic Bank Malaysia 6,130 27 6.3 0.5 57.2 19.4
37 Jordan Islamic Bank Jordan 5,864 70 12.3 1.2 48.5 22.8
38 Bank Muamalat Malaysia 5,607 44 8.0 0.8 63.0 18.6
39 Faisal Islamic Bank Egypt 5,383 141 22.3 2.8 47.0 17.0
40 HSBC Amanah Malaysia 4,921 39 9.4 0.9 47.0 18.7
41 Sina Bank Iran 4,901 27 8.2 0.6 59.8 8.1
42 Al Salam Bank Bahrain 4,536 49 6.2 1.1 48.8 20.6
43 First Security Islami Bank Bangladesh 4,349 19 12.7 0.4 51.6 10.3
44 EXIM Bank Bangladesh 4,316 28 8.6 0.7 43.8 10.9
45 Kuwait Finance House Bahrain 3,991 49 10.5 1.3 61.2 21.0
46 Al-Arafah Islami Bank Bangladesh 3,979 29 11.0 0.7 49.4 14.7
47 Bank Muamalat Indonesia 3,968 3 1.1 0.1 117.7 12.3
48 OCBC Al-Amin Bank Malaysia 3,877 31 9.1 0.8 46.2 17.8
49 Al Baraka Bank Egypt 3,491 56 34.7 1.8 22.1 15.9
50 Bahrain Islamic Bank Bahrain 3,396 30 10.0 0.9 61.3 17.1
51 Arabi Islami Jordan 3,043 45 17.8 1.5 42.3 18.9
52 Shahjalal Islami Bank Bangladesh 2,902 15 8.6 0.6 49.2 15.6
53 Bank BNI Syariah Indonesia 2,846 29 10.4 1.1 58.4 19.3
54 Abu Dhabi Islamic Bank Egypt 2,759 47 31.5 1.9 39.0 11.7
55 Bank BRIsyariah Indonesia 2,629 7 2.4 0.3 60.7 29.7
56 Al Rayan Bank United Kingdom 2,505 8 4.9 0.3 83.5 16.3
57 Bank Nizwa Oman 2,266 20 5.6 1.0 61.5 16.2
58 Khaleeji Commercial Bank Bahrain 2,257 2 0.6 0.1 64.3 16.2
59 Kuwait Finance House Malaysia 2,248 5 1.2 0.2 100.5 26.6
60 Al Baraka Islamic Bank Bahrain 2,180 -18 -6.9 -0.8 82.8 9.9
61 Standard Chartered Saadiq Malaysia 1,901 10 6.6 0.5 69.4 27.7
62 Al Rajhi Bank Malaysia 1,833 3 1.6 0.1 89.8 20.8
63 Alizz Islamic Bank Oman 1,774 5 2.6 0.3 83.1 15.3
64 Union Bank Bangladesh 1,758 11 12.9 0.7 47.5 10.2
65 ABC Islamic Bank Bahrain 1,745 32 9.5 1.9 15.7 34.0
66 Dubai Islamic Bank Pakistan 1,666 18 16.0 1.2 57.0 14.0
67 Bank Aceh Syariah Indonesia 1,601 30 19.9 1.9 68.3 19.7
68 Safwa Islamic Bank Jordan 1,581 12 6.0 0.8 64.9 25.5
69 BankIslami Pakistan 1,559 2 2.3 0.2 93.1 15.0
70 Palestine Islamic Bank Palestine 1,104 15 14.2 1.4 69.4 12.8
71 Arab Islamic Bank Palestine 1,062 7 6.8 0.7 76.4 15.4
72 Al Baraka Bank Pakistan 926 -2 -2.4 -0.2 89.8 11.8
73 Qatar First Bank Qatar 895 -140 -37.6 -11.8 n.a. 18.2
74 BTPN Syariah Indonesia 835 67 30.3 9.2 49.0 40.9
75 First Energy Bank Bahrain 826 12 1.8 1.3 61.1 65.1
76 Al Baraka Bank Syria 769 8 14.5 1.2 39.2 22.0
77 SIIB Syria 711 5 8.9 0.8 52.7 16.4
78 MCB Islamic Bank Pakistan 682 -8 -10.6 -1.5 134.4 13.3
79 Bank Panin Dubai Syariah Indonesia 608 1 1.4 0.2 99.7 23.2
80 Bank Mega Syariah Indonesia 509 3 3.9 0.7 56.9 20.5
81 Bank BCA Syariah Indonesia 490 4 5.0 0.9 62.0 24.3
82 Albaraka Bank South Africa 475 5 9.5 1.0 73.0 16.2
83 Bank Alkhair Bahrain 471 -8 -4.5 -1.8 96.8 0.0
84 Bank BJB Syariah Indonesia 467 1 2.0 0.2 95.9 16.4
85 Bank Syariah Bukopin Indonesia 439 0 0.3 0.0 71.1 19.3
86 Elaf Islamic Bank Iraq 347 1 0.3 0.2 89.0 62.0
87 Ibdar Bank Bahrain 325 -23 -9.1 -6.3 251.9 50.6
88 Cham Islamic Bank Syria 304 2 3.6 0.6 78.5 26.2
89 Jaiz Bank Nigeria 297 2 6.1 0.9 90.2 21.1
90 Venture Capital Bank Bahrain 292 -5 -3.1 -1.9 157.3 19.4
91 Al Janoob Islamic Bank Iraq 251 1 0.3 0.3 89.7 128.0
92 Maldives Islamic Bank Maldives 211 3 16.5 1.7 56.8 17.2
93 Safa Bank Palestine 166 -3 -4.1 -2.0 163.8 58.4
94 Bank Victoria Syariah Indonesia 147 0 1.7 0.2 83.1 22.1
95 Liquidity Management Centre Bahrain 129 0 0.0 0.0 100.8 49.3
96 Global Banking Corporation Bahrain 128 0 -0.1 -0.1 106.2 21.9
97 United Capital Bank Sudan 124 20 69.1 23.5 38.9 36.8
98 ICB Islamic Bank Bangladesh 76 -6 n.a. -4.7 n.a. -125.1
99 Maybank Syariah Indonesia 46 -4 -11.4 -6.9 104.5 163.1
100 Citi Islamic Investment Bank Bahrain 15 1 8.5 4.0 50.6 149.0

Note: n.a.: not available

Source: TABInsights, S&P Global Market Intelligence

Exclusive benefits are on your way. Subscribe and enjoy the benefits.