Strongest Islamic banks in 2022

The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength, It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.

In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank retained the strongest Islamic bank ranking in the world. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity. Al Rajhi Bank excelled in all areas excluding liquidity.

Saudi Arabian and Turkish Islamic banks attained the highest average strength scores. Islamic banks in both countries registered strong balance sheet growth and remained well capitalised. Saudi Arabian Islamic banks demonstrated good asset quality and profitability, while Turkish Islamic banks recorded stronger liquidity. The strength score of the Asian Islamic banks averaged 2.8 out of five, lower than the average for all the 100 Islamic banks, at 2.99. Overall, these banks performed well in asset quality and capitalisation. Bank Mega Syariah, Maybank Islamic and Meezan Bank are the top three strongest Islamic banks in Asia. All these three maintained strong capital positions and reported asset quality improvement.

Assets Financing Deposits FDR CAR Profit ROA Costs Fees Reserves NPF Liquidity
Strength Rank 2022 Islamic Bank Rank 2022 Bank Country Score (17.5%) Score (2.5%) Score (2.5%) Score (7.5%) Score (12.5%) Score (5.0%) Score (7.5%) Score (7.5%) Score (7.5%) Score (12.5%) Score (12.5%) Score (5.0%) Aggregate Strength Score 2022
1 1 Al Rajhi Bank Saudi Arabia 4.5 4.5 4.5 2.0 4.0 3.5 5.0 5.0 2.5 5.0 4.5 3.0 4.11
2 19 Kuveyt Turk Katilim Bankasi Turkey 1.5 5.0 5.0 5.0 5.0 5.0 5.0 4.5 4.0 5.0 3.5 5.0 4.09
3 39 Vakif Katilim Bankasi Turkey 0.5 5.0 5.0 3.0 4.5 5.0 5.0 5.0 4.0 5.0 3.5 4.5 3.71
4 5 Kuwait Finance House Kuwait 3.0 1.5 1.5 3.5 4.5 0.5 4.5 4.5 3.0 5.0 3.5 4.5 3.64
5 87 Bank Mega Syariah Indonesia 0.0 4.5 4.5 4.5 5.0 5.0 5.0 5.0 4.0 3.0 4.0 4.0 3.56
6 7 Qatar Islamic Bank Qatar 3.0 2.0 2.5 1.0 4.5 1.5 5.0 5.0 4.0 5.0 3.5 1.5 3.54
7 6 Maybank Islamic Malaysia 3.0 0.5 2.0 1.5 5.0 4.0 3.5 5.0 0.5 5.0 4.5 2.0 3.49
8 32 Meezan Bank Pakistan 0.5 4.5 3.5 5.0 4.5 1.0 5.0 4.0 2.0 5.0 3.5 5.0 3.41
9 9 Alinma Bank Saudi Arabia 2.5 3.5 1.0 0.5 5.0 2.0 5.0 4.5 2.5 5.0 3.5 2.0 3.38
10 8 Masraf Al Rayan Qatar 2.5 4.5 4.5 0.0 5.0 1.5 4.0 5.0 4.0 4.0 3.5 1.5 3.35
11 51 Kuwait Finance House Bahrain 0.0 1.5 2.5 4.5 5.0 4.5 4.0 3.5 3.5 5.0 4.0 2.0 3.34
12 95 Jaiz Bank Nigeria 0.0 5.0 3.5 5.0 5.0 3.5 5.0 2.0 5.0 4.5 2.5 3.5 3.34
13 93 Bank BCA Syariah Indonesia 0.0 3.0 2.5 3.5 5.0 5.0 2.0 4.0 1.5 5.0 4.0 5.0 3.21
14 16 Bank AlJazira Saudi Arabia 1.5 3.5 3.0 3.0 5.0 1.5 3.0 3.5 3.0 5.0 3.5 1.5 3.20
15 65 Turkiye Emlak Katilim Bankasi Turkey 0.0 5.0 5.0 2.5 5.0 4.5 1.5 2.0 3.5 5.0 4.5 4.0 3.20
16 37 Albaraka Turk Katilim Bankasi Turkey 0.5 4.5 5.0 4.5 3.5 5.0 3.5 3.5 4.5 4.0 2.0 4.5 3.19
17 25 QIIB Qatar 1.0 0.5 1.5 1.0 4.0 1.0 5.0 5.0 4.0 5.0 3.5 4.0 3.16
18 85 SIIB Syria 0.0 5.0 5.0 2.5 1.8 5.0 5.0 5.0 5.0 5.0 2.0 5.0 3.16
19 13 Bank Albilad Saudi Arabia 1.5 4.0 3.0 0.5 4.5 1.5 4.5 3.5 2.5 5.0 4.0 2.5 3.15
20 56 Arabi Islami Jordan 0.0 2.5 2.5 3.5 5.0 1.0 4.0 4.0 2.0 5.0 4.0 4.0 3.14
21 35 Turkiye Finans Katilim Bankasi Turkey 0.5 4.0 4.5 4.0 4.5 1.0 3.0 3.5 3.5 5.0 2.5 4.5 3.13
22 40 Jordan Islamic Bank Jordan 0.5 2.5 2.5 2.5 5.0 1.5 3.5 4.0 3.0 5.0 3.5 3.5 3.13
23 12 CIMB Islamic Bank Malaysia 1.5 2.0 2.0 2.5 4.5 1.5 2.0 4.0 1.5 5.0 4.5 3.0 3.09
24 11 Dukhan Bank Qatar 2.0 4.0 4.5 1.0 4.5 0.5 3.5 5.0 4.0 4.0 2.5 2.0 3.08
25 31 Warba Bank Kuwait 0.5 1.0 0.5 0.0 5.0 4.5 1.0 5.0 4.5 5.0 4.0 3.5 3.06
26 82 Bank BTPN Syariah Indonesia 0.0 3.0 2.5 2.0 5.0 3.5 5.0 4.5 0.5 5.0 3.5 3.0 3.05
27 4 Dubai Islamic Bank UAE 3.5 0.5 1.0 1.5 4.0 0.5 4.5 5.0 3.0 3.5 2.0 2.0 3.01
28 27 Sharjah Islamic Bank UAE 0.5 1.0 3.0 3.0 5.0 1.5 2.5 4.0 4.0 4.5 2.5 4.0 2.98
29 22 Bank Syariah Indonesia Indonesia 1.0 2.5 2.5 3.5 5.0 1.5 4.0 2.5 1.5 5.0 3.0 2.0 2.96
30 41 Ziraat Katilim Bankasi Turkey 0.5 4.5 5.0 1.5 3.5 0.0 2.0 5.0 4.0 5.0 3.5 4.0 2.96
31 42 Al Salam Bank Bahrain 0.5 1.5 4.5 4.5 5.0 0.5 2.0 3.0 1.5 5.0 3.5 3.5 2.95
32 74 Bank Aceh Syariah Indonesia 0.0 2.0 2.5 4.0 5.0 2.0 4.5 1.0 1.0 5.0 4.0 4.0 2.95
33 17 Boubyan Bank Kuwait 1.5 3.5 2.0 1.0 4.0 1.5 1.5 3.5 2.0 5.0 4.5 3.5 2.94
34 18 RHB Islamic Bank Malaysia 1.5 2.5 3.5 0.5 2.5 4.0 2.0 5.0 1.5 5.0 4.5 2.5 2.91
35 84 International Development Bank Iraq 0.0 4.5 5.0 5.0 2.5* 0.0 5.0* 4.0* 4.0* 3.5* 2.5* 5.0* 2.90
36 50 Al Baraka Bank Egypt 0.5 2.0 2.0 5.0 2.5 0.0 4.5 5.0 1.5 5.0 2.5 5.0 2.89
37 99 Al Baraka Bank Syria 0.0 5.0 5.0 5.0 2.5 5.0 5.0 5.0 1.0 5.0 0.0 5.0 2.89
38 33 Hong Leong Islamic Bank Malaysia 0.5 2.0 2.5 2.0 3.5 1.5 2.5 5.0 1.0 5.0 5.0 2.0 2.85
39 14 Al Baraka Group Bahrain 1.5 1.0 1.0 4.0 3.5 0.0 1.5 3.0 5.0 5.0 2.0 4.0 2.84
40 24 Emirates Islamic Bank UAE 1.0 1.5 1.0 1.5 4.5 2.5 4.0 3.5 3.0 5.0 1.5 4.0 2.84
41 48 Abu Dhabi Islamic Bank Egypt 0.5 3.0 4.0 5.0 1.5 1.0 5.0 4.5 1.0 5.0 3.0 3.5 2.84
42 10 Abu Dhabi Islamic Bank UAE 2.0 1.5 1.5 2.5 4.5 1.0 5.0 4.0 3.0 2.5 1.5 3.5 2.80
43 20 Bank Islam Malaysia 1.0 1.5 1.5 2.0 4.5 0.0 2.0 2.5 1.5 5.0 4.5 3.5 2.78
44 59 Bank Nizwa Oman 0.0 3.0 4.0 0.5 4.5 1.0 2.5 3.0 3.0 5.0 4.0 3.5 2.76
45 23 Public Islamic Bank Malaysia 1.0 2.5 1.5 2.0 1.8 2.5 2.0 5.0 1.5 5.0 5.0 2.0 2.76
46 55 Bank Muamalat Indonesia 0.0 0.5 3.0 5.0 5.0 0.0 0.5 0.0 4.5 5.0 4.5 2.0 2.75
47 60 Alliance Islamic Bank Malaysia 0.0 2.0 1.0 2.0 4.5 1.5 2.0 5.0 1.5 5.0 3.5 3.5 2.74
48 44 Bank Muamalat Malaysia 0.5 3.5 2.0 2.0 4.0 2.5 1.5 2.0 1.0 5.0 4.5 3.5 2.70
49 21 IBBL Bangladesh 1.0 3.5 3.5 2.5 3.0 1.5 1.0 2.0 4.0 5.0 3.0 3.5 2.69
50 62 Safwa Islamic Bank Jordan 0.0 4.0 4.5 3.0 2.3 2.5 1.5 4.0 2.5 5.0 3.5 3.5 2.68
51 15 Bank Rakyat Malaysia 1.5 1.0 1.0 2.0 2.5 0.0 3.5 4.5 0.5 5.0 3.5 3.5 2.65
52 26 Ahli United Bank Kuwait 1.0 2.0 1.0 0.0 4.5 0.0 2.0 4.0 2.0 5.0 3.5 3.0 2.63
53 86 Bank Panin Dubai Syariah Indonesia 0.0 1.0 0.5 0.0 5.0 5.0 0.0 3.0 1.0 5.0 4.5 4.0 2.60
54 76 Kuwait Finance House Malaysia 0.0 0.5 0.5 1.5 5.0 5.0 2.5 3.0 0.5 5.0 2.0 5.0 2.59
55 54 OCBC Al-Amin Bank Malaysia 0.0 2.5 3.0 1.0 5.0 1.5 1.5 4.5 2.5 4.0 2.5 4.0 2.56
56 29 AmBank Islamic Malaysia 0.5 3.0 0.5 0.5 4.0 2.0 1.0 5.0 1.0 5.0 3.5 3.0 2.55
57 38 BIBD Brunei 0.5 1.5 4.0 5.0 2.5 0.0 4.5 3.5 2.0 2.0 3.0 5.0 2.54
58 63 Khaleeji Commercial Bank Bahrain 0.0 1.5 0.5 5.0 4.5 3.0 3.0 4.0 2.0 3.0 1.5 2.5 2.50
59 34 Kuwait International Bank Kuwait 0.5 3.5 4.0 0.0 4.5 0.0 1.0 1.5 3.0 5.0 3.5 3.5 2.49
60 73 Dubai Islamic Bank Pakistan 0.0 3.0 2.0 1.0 3.5 0.5 2.5 3.0 2.5 5.0 3.0 4.0 2.46
61 92 Bank NTB Syariah Indonesia 0.0 3.5 2.0 1.5 5.0 1.5 4.0 1.5 1.5 2.5 4.0 3.0 2.44
62 71 Al Rajhi Bank Malaysia 0.0 4.0 4.0 1.5 2.3 5.0 0.5 0.0 2.5 5.0 4.5 3.5 2.43
63 57 Al Hilal Bank UAE 0.0 0.5 0.5 1.5 4.5 5.0 1.0 0.0 1.5 5.0 3.5 4.5 2.43
64 58 Shahjalal Islami Bank Bangladesh 0.0 2.5 0.5 0.5 3.5 4.5 2.0 3.5 4.5 3.5 2.5 2.0 2.38
65 68 Alizz Islamic Bank Oman 0.0 3.0 3.5 1.5 3.5 5.0 1.0 1.0 3.0 5.0 2.5 2.0 2.38
66 43 Affin Islamic Bank Malaysia 0.5 3.5 3.5 0.5 4.5 2.5 2.0 3.5 1.5 2.5 3.5 1.5 2.34
67 30 MBSB Bank Malaysia 0.5 1.0 3.0 0.0 2.5 0.0 2.5 5.0 0.5 5.0 3.0 4.0 2.30
68 69 BankIslami Pakistan 0.0 4.5 4.0 5.0 3.5 0.0 1.5 1.0 2.0 4.0 1.5 5.0 2.30
69 79 Palestine Islamic Bank Palestine 0.0 1.0 2.5 4.0 3.5 2.5 2.0 2.5 3.0 2.5 2.0 4.5 2.30
70 78 Al Salam Bank Algeria 0.0 4.5 4.5 0.5 0.0 2.5 5.0 4.5 1.5 4.0 3.0 4.0 2.29
71 49 Al-Arafah Islami Bank Bangladesh 0.5 2.0 1.5 1.5 3.5 1.5 1.0 3.5 3.0 4.0 2.5 2.0 2.28
72 77 Arab Islamic Bank Palestine 0.0 2.0 2.0 3.0 1.5 5.0 2.0 2.5 2.5 2.5 3.5 4.5 2.26
73 61 Bahrain Islamic Bank Bahrain 0.0 2.5 1.0 1.5 4.5 3.5 1.0 3.0 4.5 2.5 2.0 2.0 2.24
74 3 Bank Pasargad Iran 3.5 5.0 4.5 3.0 1.0 1.5 5.0 3.5 1.5 0.0 0.0 4.0 2.23
75 80 Global Islam Bank Bangladesh 0.0 3.5 3.0 1.0 2.0 4.5 3.0 3.5 1.0 3.5 3.5 1.5 2.23
76 88 Omdurman National Bank Sudan 0.0 5.0 5.0 5.0 0.0 5.0 5.0 4.5 5.0 0.0 0.0 5.0 2.21
77 72 Bank of Khartoum Sudan 0.0 5.0 5.0 5.0 1.3 5.0 5.0 4.5 2.5 0.0 0.0 5.0 2.18
78 36 Faisal Islamic Bank Egypt 0.5 4.0 3.0 5.0 2.5 3.0 5.0 4.0 1.0 0.0 0.0 5.0 2.10
79 46 EXIM Bank Bangladesh 0.5 2.5 1.5 0.0 3.5 0.0 1.0 3.0 4.0 3.5 2.5 2.0 2.08
80 64 Al Rayan Bank United Kingdom 0.0 1.5 1.0 1.5 4.0* 5.0 1.0 0.5 0.5 2.0 5.0 2.5 2.08
81 83 AlBaraka Bank Pakistan 0.0 2.0 2.0 5.0 3.0 0.5 1.0 1.5 2.5 3.5 1.0 5.0 2.06
82 98 Amana Bank Sri Lanka 0.0 4.0 3.0 3.0 3.5 4.5 2.0 2.0 1.5 0.0 3.0 4.0 2.05
83 45 First Security Islami Bank Bangladesh 0.5 2.5 2.0 1.5 3.0 2.5 1.5 3.0 1.5 3.0 2.5 1.5 2.03
84 2 Tejarat Bank Iran 4.0 5.0 4.5 4.5 0.3 0.0 2.0 2.0 4.5 0.0 0.0 1.5 2.02
85 47 Ajman Bank UAE 0.5 0.5 1.5 1.0 3.5 1.0 1.5 4.0 3.0 2.5 1.5 3.5 2.01
86 28 Middle East Bank Iran 0.5 4.5 3.5 2.0 3.0 0.0 5.0 5.0 3.5 0.0 0.0 3.5 2.00
87 94 Bank BJB Syariah Indonesia 0.0 3.0 3.5 3.0 2.5 5.0 0.5 1.0 1.0 2.5 3.0 3.5 2.00
88 53 Social Islami Bank Bangladesh 0.0 1.5 3.0 2.0 2.5 1.0 1.0 2.5 3.0 4.0 2.0 2.0 1.96
89 81 Gatehouse Bank United Kingdom 0.0 4.0 4.0 0.5 4.5 0.0 1.0 0.0 4.5 1.0 4.0 1.5 1.91
90 97 Iraqi Islamic Bank Iraq 0.0 4.0 3.5 4.5 5.0 0.0 2.0 1.0 3.0 0.0 0.0 5.0 1.85
91 52 HSBC Amanah Malaysia 0.0 0.5 1.5 0.5 4.5 0.0 0.5 3.5 2.5 2.0 1.5 4.5 1.80
92 66 Union Bank Bangladesh 0.0 3.5 3.5 0.0 2.0 1.5 1.0 3.5 1.0 3.5 3.0 1.0 1.78
93 91 Cihan Bank Iraq 0.0 0.5 4.0 5.0 2.5 0.0 1.5 2.0 2.0 2.5 0.0 5.0 1.78
94 90 MCB Islamic Bank Pakistan 0.0 3.0 4.0 2.5 3.0 0.0 0.5 0.0 0.5 1.0 4.5 4.0 1.70
95 100 Albaraka Bank South Africa 0.0 3.0 1.0 3.0 4.0 0.0 1.0 0.0 2.0 0.5 2.5 4.0 1.63
96 75 Standard Chartered Saadiq Malaysia 0.0 1.0 0.5 0.0 2.5 0.0 0.0 1.5 3.0 2.5 2.0 5.0 1.50
97 67 Standard Bank Bangladesh 0.0 1.0 0.5 0.0 3.0 0.0 1.0 1.0 3.0 2.5 2.0 1.5 1.43
98 70 Islamic Bank of Thailand Thailand 0.0 1.0 0.5 4.0 0.0 5.0 1.0 0.5 2.0 3.5 0.0 2.0 1.39
99 89 KT Bank Germany 0.0 4.0 4.0 1.0 2.0 5.0 0.0 0.0 3.0 0.0 0.0 4.0 1.20
100 96 Summit Bank Pakistan 0.0 0.5 1.5 5.0 0.0 0.0 0.0 0.0 0.0 4.0 0.0 4.0 1.13

Notes:

(1) 5 = Highest, 0 = Lowest.

(2) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.

Source: TABInsights

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Strongest Islamic banks in 2021

The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength, It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.

In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank remained on top of the ranking of the strongest Islamic banks. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The top ten strongest Islamic banks comprise three Saudi Arabian banks, three Qatari banks, two Turkish banks and one each from Kuwait and Pakistan. Meezan Bank, Bank Islam Malaysia and Maybank Islamic are the top three strongest Islamic banks in Asia.

Saudi Arabian and Qatari Islamic banks attained the highest average strength score. The average return on asset of Saudi Arabian and Qatari Islamic banks reached 1.91% and 1.52% respectively, compared with the global average of 1.05%. Saudi Arabian Islamic banks remained well capitalised, maintaining a 19.5% average capital adequacy ratio, while the average gross non-performing loan ratio and loan loss reserves to gross non-performing loans ratio stood at 1.3% and 251% respectively.

Assets Financing Deposits FDR CAR Profit ROA Costs Fees Reserves NPF Liquidity
Strength Rank 2021 Islamic Bank Rank 2021 Bank Country Score (17.5%) Score (2.5%) Score (2.5%) Score (7.5%) Score (12.5%) Score (5.0%) Score (7.5%) Score (7.5%) Score (7.5%) Score (12.5%) Score (12.5%) Score (5.0%) Aggregate Strength Score 2021
1 1 Al Rajhi Bank Saudi Arabia 5.0 4.5 4.0 2.5 5.0 1.0 5.0 5.0 2.0 5.0 4.5 4.0 4.24
2 5 Qatar Islamic Bank Qatar 4.0 2.0 1.5 0.5 5.0 2.0 5.0 5.0 4.0 5.0 4.0 2.5 3.85
3 37 Vakif Katilim Bankasi Turkey 1.0 5.0 5.0 3.5 5.0 5.0 4.5 5.0 3.0 5.0 3.5 5.0 3.81
4 3 Kuwait Finance House Kuwait 4.5 3.0 3.0 3.5 4.5 0.0 2.0 4.5 2.5 5.0 3.5 5.0 3.75
5 8 Masraf Al Rayan Qatar 3.5 3.5 1.5 0.0 5.0 1.5 5.0 5.0 4.5 4.5 4.0 2.5 3.71
5 16 Kuveyt Turk Katilim Bankasi Turkey 2.5 4.5 5.0 4.5 5.0 3.5 4.0 3.5 2.0 5.0 2.5 5.0 3.71
7 29 Meezan Bank Pakistan 1.0 2.0 4.5 5.0 5.0 4.5 5.0 4.5 1.5 5.0 3.0 5.0 3.64
8 6 Alinma Bank Saudi Arabia 4.0 4.0 3.5 1.5 5.0 0.5 4.0 4.5 2.0 5.0 3.5 2.5 3.63
9 21 QIIB Qatar 2.0 2.5 3.5 0.0 4.5 2.5 4.5 5.0 4.0 5.0 4.0 4.0 3.53
10 12 Bank AlBilad Saudi Arabia 3.0 4.0 2.0 1.0 4.5 1.5 4.5 3.5 2.5 5.0 4.0 3.5 3.48
11 2 Dubai Islamic Bank UAE 4.5 4.5 4.5 1.0 5.0 0.0 3.5 5.0 3.0 3.5 2.0 3.0 3.41
12 10 Al Baraka Banking Group Bahrain 3.0 2.0 2.0 4.5 4.0 4.5 1.5 3.5 5.0 4.0 2.0 4.0 3.39
13 19 Bank Islam Malaysia 2.0 3.0 2.5 2.0 5.0 2.0 2.0 3.0 2.5 5.0 4.5 4.5 3.34
14 4 Maybank Islamic Malaysia 4.5 2.5 1.5 0.0 5.0 1.0 1.5 4.5 1.0 5.0 4.0 2.0 3.31
15 28 Turkiye Finans Katilim Bankasi Turkey 1.5 5.0 5.0 3.0 4.5 4.5 2.5 4.0 2.5 4.5 2.0 5.0 3.26
16 27 Warba Bank Kuwait 1.5 3.0 4.5 0.0 4.5 4.5 0.5 5.0 4.5 5.0 3.5 4.0 3.25
17 17 Boubyan Bank Kuwait 2.5 4.5 3.5 1.5 4.5 1.0 1.5 3.5 2.0 5.0 4.0 4.0 3.21
18 14 Dukhan Bank Qatar 2.5 3.0 3.0 0.0 4.5 5.0 1.5 5.0 4.0 4.0 3.0 2.5 3.19
19 30 Hong Leong Islamic Bank Malaysia 1.0 3.5 3.0 2.0 4.0 2.5 2.5 5.0 2.5 5.0 4.5 2.5 3.18
19 34 Ziraat Katilim Bankasi Turkey 1.0 5.0 5.0 0.5 4.0 4.5 4.0 5.0 2.0 4.5 3.0 4.5 3.18
21 13 Bank AlJazira Saudi Arabia 2.5 2.5 2.0 3.0 5.0 2.5 0.5 3.0 3.0 5.0 3.5 1.5 3.15
22 55 Arabi Islami Jordan 0.5 3.0 2.5 5.0 5.0 0.0 4.0 3.5 1.5 5.0 3.0 4.5 3.13
23 46 Al Baraka Bank Egypt 0.5 4.0 1.5 5.0 2.5 4.0 5.0 5.0 2.0 5.0 2.0 4.5 3.11
24 23 Sharjah Islamic Bank UAE 1.5 4.0 4.0 2.0 5.0 0.5 2.0 3.5 5.0 4.0 2.5 4.5 3.09
25 39 Bank Muamalat Malaysia 1.0 3.5 3.0 2.5 4.5 5.0 2.0 2.0 2.0 4.5 4.0 4.5 3.08
26 20 Public Islamic Bank Malaysia 2.0 2.5 1.5 2.0 2.3 3.0 1.5 5.0 2.0 5.0 5.0 3.0 3.07
27 38 Jordan Islamic Bank Jordan 1.0 3.5 2.0 2.5 5.0 0.5 3.5 3.5 2.5 5.0 3.0 3.5 3.04
28 78 Bank Mega Syariah Indonesia 0.0 0.5 4.5 4.5 5.0 5.0 4.0 4.0 2.0 2.0 3.5 5.0 3.03
29 48 Kuwait Finance House Bahrain 0.5 3.0 2.0 4.0 5.0 0.0 2.0 2.5 4.5 5.0 3.5 2.5 3.00
30 7 Abu Dhabi Islamic Bank UAE 3.5 1.5 1.0 2.5 5.0 0.0 4.0 3.5 3.0 2.5 1.5 4.0 2.98
30 25 AmBank Islamic Malaysia 1.5 3.0 4.0 2.5 4.5 1.0 0.5 4.5 1.0 5.0 3.5 4.5 2.98
30 60 Turkiye Emlak Katilim Bankasi Turkey 0.0 5.0 5.0 0.0 5.0 5.0 1.5 2.5 3.0 5.0 4.0 4.0 2.98
33 9 CIMB Islamic Bank Malaysia 3.0 2.5 2.5 2.0 4.5 2.5 1.0 4.0 1.5 3.0 3.5 3.5 2.96
34 31 Albaraka Turk Katilim Bankasi Turkey 1.0 5.0 4.5 3.0 4.0 5.0 1.5 2.5 3.0 4.0 2.5 4.5 2.95
35 47 Abu Dhabi Islamic Bank Egypt 0.5 4.5 4.0 4.5 1.8 0.0 5.0 4.5 1.5 5.0 3.5 4.0 2.94
36 11 Bank Rakyat Malaysia 3.0 2.5 1.0 2.0 2.5 0.0 2.0 4.5 1.0 5.0 3.5 4.0 2.90
36 59 Bank Nizwa Oman 0.5 2.5 3.5 3.5 3.5 3.0 3.0 3.0 4.5 3.5 3.5 3.0 2.90
36 65 ABC Islamic Bank Bahrain 0.0 4.0 0.5 0.0 5.0 0.5 4.0 5.0 2.5 5.0 5.0 0.5 2.90
36 88 Jaiz Bank Nigeria 0.0 4.5 4.5 5.0 5.0 5.0 4.5 2.0 4.5 2.5 0.5 4.5 2.90
40 77 Bank BTPN Syariah Indonesia 0.0 1.5 1.5 2.0 5.0 0.0 5.0 4.0 0.5 5.0 3.5 5.0 2.88
41 15 RHB Islamic Bank Malaysia 2.5 3.0 2.5 0.0 2.3 2.0 1.0 5.0 2.0 5.0 4.5 2.5 2.87
42 22 IBBL Bangladesh 2.0 3.5 4.5 2.5 3.5 0.0 1.0 2.0 3.0 5.0 3.0 3.5 2.80
43 86 Bank BCA Syariah Indonesia 0.0 1.0 2.5 3.5 5.0 3.5 2.0 3.0 1.0 5.0 4.5 0.0 2.79
44 24 Ahli United Bank Kuwait 1.5 1.5 2.5 0.5 4.0 0.0 1.5 4.5 2.0 5.0 3.5 3.5 2.74
45 63 Safwa Islamic Bank Jordan 0.0 4.0 3.5 5.0 2.5 2.0 1.5 3.0 2.0 5.0 3.5 4.0 2.73
46 72 Bank Aceh Syariah Indonesia 0.0 2.0 1.0 4.0 5.0 0.0 4.0 1.0 1.0 5.0 3.5 4.0 2.71
47 56 Alliance Islamic Bank Malaysia 0.5 1.5 1.5 2.0 5.0 1.5 0.5 4.5 1.0 5.0 3.0 4.5 2.69
48 91 Amana Bank Sri Lanka 0.0 2.5 3.5 3.5 4.5 1.5 1.0 1.5 2.0 5.0 3.5 4.5 2.68
49 18 Emirates Islamic Bank UAE 2.0 2.5 1.5 2.0 5.0 0.0 0.0 3.0 2.0 5.0 1.5 5.0 2.66
49 26 MBSB Bank Malaysia 1.5 1.5 1.0 0.0 2.5 4.0 1.5 5.0 1.5 5.0 3.0 4.5 2.66
51 32 Kuwait International Bank Kuwait 1.0 2.0 2.5 0.0 5.0 0.0 0.5 2.5 2.5 5.0 3.5 4.5 2.61
52 70 Dubai Islamic Bank Pakistan 0.0 3.0 3.0 1.5 4.5 1.0 3.0 3.0 2.0 4.0 3.0 4.5 2.58
53 41 Al Salam Bank Bahrain 1.0 4.0 4.0 2.5 5.0 2.0 1.0 3.0 1.0 3.0 2.5 3.5 2.53
54 61 Khaleeji Commercial Bank Bahrain 0.0 0.5 1.0 5.0 5.0 5.0 2.0 3.5 2.5 2.5 1.0 3.0 2.48
54 76 AlBaraka Bank Pakistan 0.0 4.0 4.0 4.5 3.5 5.0 1.0 1.5 2.5 3.5 1.5 5.0 2.48
56 36 BIBD Brunei 1.0 1.5 0.5 5.0 2.5 0.0 4.0 4.0 1.5 2.0 2.5 5.0 2.44
57 79 SIIB Syria 0.0 5.0 5.0 0.0 1.5 5.0 5.0 5.0 4.0 2.5 1.0 5.0 2.43
58 44 EXIM Bank Bangladesh 1.0 3.5 2.5 1.0 3.5 0.0 1.5 3.0 4.0 4.0 2.5 2.0 2.39
59 68 BankIslami Pakistan 0.0 1.0 4.0 5.0 4.5 1.5 1.5 2.0 1.0 4.0 1.0 5.0 2.35
60 33 Ithmaar Bank Bahrain 1.0 1.0 4.0 2.0 3.5 0.0 0.0 0.0 4.5 5.0 2.0 4.5 2.33
60 45 Al-Arafah Islami Bank Bangladesh 0.5 2.0 2.0 1.5 4.0 0.0 1.5 3.0 3.0 4.0 2.5 3.0 2.33
60 85 Bank NTB Syariah Indonesia 0.0 3.5 2.0 2.0 5.0 0.0 4.0 2.0 0.0 2.5 4.0 3.0 2.33
63 40 Affin Islamic Bank Malaysia 1.0 2.0 2.0 0.5 2.5 5.0 0.5 3.0 3.0 2.5 3.5 4.0 2.31
64 96 Maldives Islamic Bank Maldives 0.0 2.0 3.5 4.5 2.5 0.0 5.0 3.0 3.0 1.5 2.0 5.0 2.30
65 57 Shahjalal Islami Bank Bangladesh 0.5 1.0 2.0 1.5 3.5 0.0 1.5 3.0 4.0 3.5 2.5 3.0 2.25
66 90 Iraqi Islamic Bank Iraq 0.0 0.5 0.5 5.0 5.0 2.5 5.0 4.5 1.5 0.0 0.0 5.0 2.23
67 54 Bank Muamalat Indonesia 0.5 1.0 1.0 4.0 4.0 5.0 0.5 0.0 4.5 2.0 2.5 1.5 2.20
68 43 First Security Islami Bank Bangladesh 1.0 3.5 3.0 1.5 3.5 0.5 1.5 3.0 2.0 3.0 2.5 2.0 2.19
68 52 OCBC Al-Amin Bank Malaysia 0.5 0.5 1.0 1.0 5.0 1.0 1.0 4.0 2.0 2.5 2.0 4.5 2.19
70 74 Arab Islamic Bank Palestine 0.0 4.5 4.5 3.5 1.8 1.5 1.5 1.5 2.5 2.5 3.5 4.5 2.17
71 75 Palestine Islamic Bank Palestine 0.0 3.5 2.5 3.0 2.0 1.5 2.0 2.0 3.0 3.0 2.5 4.5 2.14
72 50 HSBC Amanah Malaysia 0.5 1.5 1.0 0.0 5.0 0.0 1.0 3.5 2.0 2.5 2.5 4.5 2.11
73 64 Union Bank Bangladesh 0.0 3.0 3.5 0.0 3.0 2.0 1.5 3.5 1.0 4.5 3.0 1.5 2.10
74 66 Alizz Islamic Bank Oman 0.0 4.5 3.0 1.0 4.5 0.0 0.0 0.0 2.5 5.0 2.5 2.5 2.08
75 42 Ajman Bank UAE 1.0 1.0 1.0 0.0 4.5 0.0 0.5 4.0 3.0 3.0 1.5 3.0 2.06
75 51 Social Islami Bank Bangladesh 0.5 3.5 3.0 1.0 3.5 0.0 1.0 2.5 3.0 3.5 2.0 2.5 2.06
75 82 Bank Panin Dubai Syariah Indonesia 0.0 2.0 0.5 0.0 5.0 0.0 0.5 0.0 4.5 4.0 3.0 2.5 2.06
78 53 Al Hilal Bank UAE 0.5 0.5 0.5 1.5 4.5 0.0 0.5 0.0 1.5 4.0 3.0 4.5 2.04
78 67 Kuwait Finance House Malaysia 0.0 0.5 0.5 1.5 5.0 0.5 0.0 1.5 1.0 4.5 2.0 5.0 2.04
80 35 Faisal Islamic Bank Egypt 1.0 1.5 3.0 5.0 2.5 1.5 5.0 4.0 0.5 0.0 0.0 5.0 2.01
81 71 Standard Chartered Saadiq Malaysia 0.0 1.0 3.5 0.0 2.5 2.5 0.5 2.0 3.0 3.0 3.0 5.0 1.96
81 81 MCB Islamic Bank Pakistan 0.0 5.0 4.0 1.5 3.5 5.0 0.5 0.0 1.5 0.0 4.5 4.5 1.96
83 49 Bank of Khartoum Sudan 0.5 4.0 5.0 5.0 1.3 5.0 1.5 1.5 5.0 0.0 0.0 5.0 1.94
84 73 Al Rajhi Bank Malaysia 0.0 1.0 0.5 1.0 2.5 0.0 0.0 0.0 1.5 5.0 4.5 3.0 1.88
85 95 Safa Bank Palestine 0.0 5.0 5.0 2.0 2.5 0.0 0.0 0.0 2.0 2.5 3.5 5.0 1.86
86 69 Al Baraka Bank Algeria 0.0 1.0 1.5 2.5 0.0 0.0 4.5 5.0 2.5 2.0 1.5 5.0 1.84
86 89 Albaraka Bank South Africa 0.0 1.0 4.0 4.0 4.5 0.0 1.0 0.5 1.5 0.5 2.5 5.0 1.84
88 93 Bank Syariah Bukopin Indonesia 0.0 0.5 0.5 0.0 5.0 4.5 0.5 0.0 4.5 2.0 1.5 2.5 1.81
89 83 Qatar First Bank Qatar 0.0 0.5 0.5 5.0 4.0 0.0 0.0 0.0 0.0 5.0 0.0 5.0 1.78
90 58 Bahrain Islamic Bank Bahrain 0.5 1.5 1.5 2.0 4.0 0.5 0.0 1.5 1.5 2.5 2.0 2.0 1.73
91 99 First Community Bank Kenya 0.0 4.5 3.5 4.0 1.0 5.0 3.0 0.5 3.5 0.0 0.0 4.5 1.63
92 100 Al Jazeera Sudanese Jordanian Bank Sudan 0.0 5.0 5.0 5.0 0.0 0.5 5.0 2.5 2.0 0.0 0.0 5.0 1.61
93 97 Al Janoob Islamic Bank Iraq 0.0 4.5 4.5 0.0 5.0 2.0 0.5 0.0 4.5 0.0 0.0 5.0 1.58
94 80 Kurdistan International Bank Iraq 0.0 4.0 2.5 5.0 0.0 5.0 2.0 2.5 0.0 1.5 0.0 5.0 1.56
95 94 Gulf African Bank Kenya 0.0 0.5 2.0 4.0 2.5 1.0 3.0 1.5 2.5 0.0 0.0 5.0 1.50
96 98 Elaf Islamic Bank Iraq 0.0 0.5 0.5 0.0 2.5 5.0 3.5 5.0 0.0 0.0 0.0 5.0 1.48
97 87 BJB Syariah Indonesia 0.0 2.0 3.0 2.5 2.5 1.5 0.5 0.0 0.5 2.5 2.0 2.5 1.46
98 62 Islamic Bank of Thailand Thailand 0.0 1.5 1.0 4.5 0.0 0.0 0.0 0.0 2.0 3.5 0.0 2.5 1.11
99 92 Cihan Bank Iraq 0.0 5.0 4.5 5.0 0.0 0.0 1.0 0.0 0.0 0.0 0.0 5.0 0.94
100 84 International Development Bank Iraq 0.0 2.5 5.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.0 0.81

Notes:

(1) 5 = Highest, 0 = Lowest.

(2) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.

Source: TABInsights

Strongest Islamic banks in 2020

The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength, It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.

In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank retained its top spot as the strongest Islamic bank. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. This year, 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.

The overall profitability of Islamic banks weakened amid the pandemic. The average return on assets stood at 1.1% in 1H FY2020, lower than 1.5% in 1H FY2019, and the cost to income ratio was up slightly from 41.3% to 41.5%. The average asset growth of Islamic banks listed accelerated from 8.7% year-on-year (yoy) at the end of 1H FY2019 to 13% yoy at the end of 1H FY2020, which is higher than the average asset growth recorded by the 200 largest banks in the Middle East and Africa at 10.9% yoy and the 500 largest banks in Asia Pacific at 10.3% yoy.

Assets Financing Deposits FDR CAR Profit ROA Costs Fees Reserves NPF Liquidity
Strength Rank 2020 Islamic Bank Rank 2020 Bank Country Score (17.5%) Score (2.5%) Score (2.5%) Score (10.0%) Score (10.0%) Score (5.0%) Score (7.5%) Score (7.5%) Score (7.5%) Score (12.5%) Score (12.5%) Score (5.0%) Aggregate Strength Score 2020
1 1 Al Rajhi Bank Saudi Arabia 4.5 3.5 3.0 2.5 5.0 0.5 5.0 5.0 2.0 5.0 4.0 4.5 4.04
2 3 Kuwait Finance House Kuwait 4.5 2.5 3.0 4.0 4.5 1.0 1.5 4.5 3.0 5.0 3.5 5.0 3.83
3 5 Qatar Islamic Bank Qatar 4.0 2.0 1.0 0.0 5.0 2.0 5.0 5.0 4.0 5.0 4.0 2.5 3.80
4 8 Masraf Al Rayan Qatar 3.5 2.0 2.0 0.0 5.0 1.0 5.0 5.0 5.0 4.5 4.5 2.0 3.74
5 35 Meezan Bank Pakistan 1.0 1.5 4.5 5.0 5.0 5.0 5.0 4.0 1.5 5.0 3.5 5.0 3.68
6 19 QIIB Qatar 2.0 2.5 2.0 0.5 4.5 2.5 5.0 5.0 4.0 5.0 3.5 4.5 3.53
7 2 Dubai Islamic Bank UAE 4.5 5.0 5.0 1.0 4.5 0.0 4.5 5.0 3.0 3.5 2.5 2.5 3.49
8 6 Alinma Bank Saudi Arabia 4.0 4.0 3.5 1.0 5.0 0.0 4.0 4.5 1.5 5.0 3.0 2.5 3.46
9 4 Maybank Islamic Malaysia 4.5 2.5 2.0 0.5 5.0 0.0 1.0 3.5 1.5 5.0 4.5 2.5 3.33
10 13 Bank AlBilad Saudi Arabia 2.5 4.5 2.5 0.5 4.5 1.0 4.0 3.5 2.5 5.0 4.0 3.5 3.31
11 12 Bank AlJazira Saudi Arabia 2.5 4.5 3.0 2.5 5.0 2.0 2.0 2.5 3.0 5.0 4.0 1.5 3.30
12 21 Bank Islam Malaysia 2.0 2.5 2.5 2.0 5.0 1.0 2.0 3.5 2.5 5.0 4.5 4.0 3.29
13 15 Kuveyt Turk Katilim Bankasi # Turkey 2.5 2.5 2.5 4.5 5.0 3.0 4.5 3.5 3.0 2.5 1.5 5.0 3.25
14 38 Jordan Islamic Bank Jordan 1.0 4.5 2.0 2.5 5.0 1.5 4.0 3.5 2.5 5.0 3.0 4.0 3.18
15 9 Al Baraka Banking Group Bahrain 3.0 1.0 2.5 4.5 4.5* 5.0 1.5 3.0 5.0 3.5* 2.0* 0.0 3.16
16 14 Dukhan Bank Qatar 2.5 0.0 0.0 0.0 4.5 5.0 4.0 5.0 4.5 4.0 2.5 1.5 3.15
16 29 Hong Leong Islamic Bank Malaysia 1.0 5.0 3.5 2.0 4.0 2.5 2.5 5.0 1.5 5.0 4.5 2.5 3.15
16 40 Vakif Katilim Bankasi # Turkey 1.0 2.0 2.5 3.5 5.0 5.0 4.5 5.0 3.5 2.5 1.5 5.0 3.15
19 11 Bank Rakyat Malaysia 3.0 2.0 1.5 2.0 2.5 0.5 4.0 5.0 1.0 5.0 3.5 4.0 3.11
20 57 Arabi Islami Jordan 0.5 1.0 2.0 5.0 5.0 0.0 4.0 3.5 2.0 5.0 3.0 4.5 3.10
21 34 Bank Syariah Mandiri Indonesia 1.0 1.0 3.5 3.5 4.5 2.5 4.0 3.5 2.0 5.0 3.0 2.5* 3.08
22 59 Bank Nizwa Oman 0.0 1.0 3.5 3.0 3.5 3.0 3.5 3.5 4.0* 5.0 4.5 2.5 3.06
23 20 Public Islamic Bank Malaysia 2.0 3.5 2.0 2.0 2.3 3.0 1.0 4.5 2.0 5.0 5.0 3.0 3.03
24 99 Bank Net Indonesia Syariah Indonesia 0.0 0.0 5.0 5.0 5.0 0.0 5.0 0.0 0.0 5.0 5.0 5.0 3.00
25 16 Boubyan Bank Kuwait 2.0 3.5 4.0 1.0 4.5 0.0 1.5 3.5 1.5 5.0 4.0 4.0 2.99
26 22 Ahli United Bank Kuwait 1.5 4.0 3.0 0.0 4.0 0.0 2.0 4.5 2.5 5.0* 4.0* 3.5 2.91
26 76 Bank BTPN Syariah Indonesia 0.0 3.5 2.0 2.0 5.0 0.0 5.0 4.0 0.5 5.0 3.5 4.5 2.91
26 85 Bank BCA Syariah Indonesia 0.0 2.0 2.5 2.5 5.0 4.0 1.5 2.5 1.0 5.0 4.5 4.5* 2.91
29 23 Sharjah Islamic Bank UAE 1.5 3.5 3.0 1.5 5.0 1.0 3.0 4.0 2.5 3.5 2.5 4.5 2.90
30 47 Al Baraka Bank Egypt 0.5 5.0 2.5 5.0 2.5 0.5 4.5 5.0 1.5 5.0 2.0 3.5 2.86
30 74 Al Baraka Bank Syria 0.0 1.5 5.0 5.0 2.5 5.0 5.0 5.0 1.0 5.0 0.5 5.0 2.86
32 50 Abu Dhabi Islamic Bank Egypt 0.5 5.0 4.0 4.0 1.8 0.0 5.0 4.5* 1.5* 5.0 3.0 4.0 2.86
33 92 Byblos Bank Syria 0.0 4.5 5.0 5.0 2.5 5.0 5.0 5.0 0.5 5.0 0.0 5.0 2.84
34 18 Emirates Islamic Bank UAE 2.0 3.5 1.5 2.0 5.0 0.0 0.5 3.5 2.5 5.0 1.5 4.5 2.78
35 27 AmBank Islamic Malaysia 1.5 4.0 4.0 1.5 4.5 0.0 1.0 4.0 1.0 4.5 3.5 3.5 2.76
36 7 Abu Dhabi Islamic Bank UAE 3.5 2.0 1.0 2.5 5.0 0.0 2.5 3.5 2.5 2.0 1.5 3.5 2.75
37 63 Safwa Islamic Bank Jordan 0.0 3.0 4.5 3.5 2.5 3.5 1.5 3.0 2.5 5.0 3.5 4.0 2.73
38 52 Bank BNI Syariah Indonesia 0.5 1.5 4.0 4.0 5.0 0.0 3.0 2.5 1.0 4.5 2.5 3.5* 2.69
39 10 CIMB Islamic Bank Malaysia 3.0 2.5 2.5 2.0 4.5 0.0 1.0 3.5 1.5 2.0 3.5 3.5 2.68
39 88 Jaiz Bank Nigeria 0.0 0.0 4.5 5.0 4.5* 5.0 4.0 1.5 4.0 2.5 1.0 4.5 2.68
41 26 MBSB Bank Malaysia 1.5 3.5 1.0 0.0 2.5 4.5 0.0 5.0 2.0 5.0 3.0 4.5 2.66
42 80 Bank NTB Syariah Indonesia 0.0 0.5 4.5 4.0 5.0* 0.0 4.0 2.0 1.5 3.0* 4.0* 3.0 2.64
43 28 Turkiye Finans Katilim Bankasi # Turkey 1.0 1.8 2.3 2.0 4.5 5.0 4.0 4.0 3.0 1.8 1.0 4.5 2.63
44 54 Alliance Islamic Bank Malaysia 0.5 2.5 1.5 1.5 4.0 1.5 0.5 5.0 1.0 5.0 3.5 4.0 2.63
45 81 Cham Islamic Bank Syria 0.0 0.5 5.0 2.0 2.5 5.0 5.0 5.0 1.0 3.5* 2.0* 5.0 2.61
46 69 BankIslami Pakistan 0.0 1.0 3.0 4.5 5.0 5.0 1.5 2.5 1.5 4.0 1.0 5.0 2.60
47 17 RHB Islamic Bank Malaysia 2.0 3.0. 2.0 0.0 2.3 2.5 0.5 5.0 1.5 4.0 4.5 2.5 2.59
48 60 Khaleeji Commercial Bank Bahrain 0.0 4.5 1.0 5.0 5.0 3.5 3.5 3.5 3.5 2.5* 0.0* 3.5 2.59
49 30 Kuwait International Bank Kuwait 1.0 3.0 2.5 0.0 5.0 0.0 0.5 2.0 2.0 5.0* 3.5* 4.5* 2.56
50 24 IBBL Bangladesh 1.5 4.5 3.5 2.0 3.5* 0.0 1.5 3.0 3.0 5.0* 2.5* 0.0 2.55
50 36 Faisal Islamic Bank Egypt 1.0 2.5 3.0 5.0 2.5 0.0 4.5 3.5 0.5 3.5* 2.0* 4.5 2.55
50 41 Al Salam Bank Bahrain 1.0 4.5 4.0 2.5 5.0 2.0 1.5 3.5 1.5 2.5 2.0 4.0 2.55
53 32 BIBD ** Brunei 1.0 2.0 3.0 5.0 2.5 0.5 4.5 4.0 1.0 2.0 2.5 5.0 2.54
54 33 Ithmaar Bank Bahrain 1.0 1.5 3.0 1.5 3.5 5.0 0.5 1.5 4.0 4.5 1.5 4.5 2.51
54 51 OCBC Al-Amin Bank Malaysia 0.5 2.5 2.0 1.5 5.0 1.0 1.0 3.5 2.0 3.5 3.0 4.5 2.51
56 46 HSBC Amanah Malaysia 0.5 3.0 2.5 0.5 5.0 0.0 0.5 4.0 1.5 4.0 3.0 4.5 2.44
56 67 Dubai Islamic Bank Pakistan 0.0 3.0 2.0 1.0 4.5 2.5 4.0 3.0 1.5 2.5 3.0 4.5 2.44
58 61 Al Baraka Islamic Bank Bahrain 0.0 3.5 4.0 5.0 5.0 2.0 0.5 1.0 3.5 3.0 1.5 4.0 2.43
59 42 Bank Muamalat Malaysia 1.0 3.5 1.5 2.5 4.5 0.0 0.5 0.5 1.5 3.5 4.0 4.5 2.40
59 66 Turkiye Emlak Katilim Bankasi # Turkey 0.0 2.3 2.5 1.0 5.0 5.0 0.5 4.0 3.5 2.5 1.8 4.0 2.40
59 97 Bank Victoria Syariah Indonesia 0.0 5.0 3.0 3.0 5.0 0.0 0.5 0.0 2.5 5.0 4.0 0.0 2.40
62 70 Bank Aceh Syariah Indonesia 0.0 1.5 0.5 4.0 5.0 0.0 3.5 1.5 0.5 4.5 3.5 0.0 2.39
63 84 Bank Mega Syariah Indonesia 0.0 5.0 4.0 2.5 5.0 5.0 2.0 1.0 0.0 1.5 3.5 3.0* 2.29
64 37 Ziraat Katilim Bankasi # Turkey 1.0 0.8 2.5 0.0 4.0 5.0 1.5 5.0 1.5 2.5 1.5 3.0 2.26
65 53 Bank BRIsyariah Indonesia 0.5 1.0 5.0 2.0 2.5 5.0 1.5 3.0 1.0 3.5 2.5 2.5 2.24
65 98 Al Salam Bank Sudan 0.0 0.0 4.5 3.0 2.5* 5.0 5.0 5.0 4.5 0.0 0.0 5.0 2.24
67 79 MCB Islamic Bank Pakistan 0.0 5.0 4.5 3.0 3.5 5.0 0.5 0.0 1.5 1.0 4.5 4.5 2.21
68 48 Kuwait Finance House Bahrain 0.5 1.5 4.0 3.5 5.0 0.0 1.0 2.5 4.5 1.0* 2.0* 1.5 2.16
69 31 Albaraka Turk Katilim Bankasi # Turkey 1.0 0.5 2.5 2.5 4.5 5.0 0.5 1.5 2.5 1.5 1.0 4.5 2.13
70 44 EXIM Bank Bangladesh 1.0 3.0 2.5 0.0 3.5* 0.0 1.5 3.0 3.5 3.5* 2.5* 0.0 2.10
71 58 Shahjalal Islami Bank Bangladesh 0.5 1.5 2.5 1.0 4.0* 0.0 2.0 3.5 3.0 3.0* 2.5* 0.0 2.09
72 39 Ajman Bank UAE 1.0 3.0 0.5 0.0 4.0 0.0 1.0 3.0 3.5 3.0* 1.5* 3.5 2.06
72 71 Standard Chartered Saadiq Malaysia 0.0 4.0 1.0 0.0 2.5 0.0 1.0 2.0 2.0 4.0 4.0 5.0 2.06
74 72 Al Rajhi Bank Malaysia 0.0 3.5 1.0 1.0 2.5 0.0 0.5 0.0 2.0 5.0 4.0 3.0 1.96
75 87 Amana Bank Sri Lanka 0.0 2.5 3.0 3.5 4.5 0.0 1.0 0.5 2.0 2.0 2.0 4.5* 1.95
76 25 Warba Bank Kuwait 1.5 1.5 5.0 0.0 4.0 0.0 0.0 3.5 2.0 0.0 3.0 4.0 1.91
76 94 Safa Bank Palestine 0.0 0.5 5.0 2.5 2.5 0.0 0.0 0.0 2.0 3.5* 3.5* 5.0 1.91
78 45 Al-Arafah Islami Bank Bangladesh 0.5 2.0 1.5 0.5 4.0* 0.0 1.0 2.5 3.0 3.0* 2.5* 0.0 1.89
78 68 Alizz Islamic Bank Oman 0.0 3.0 0.5 1.0 3.5 0.0 0.0 0.0 2.5 5.0* 3.0 2.0 1.89
80 65 Kuwait Finance House Malaysia 0.0 1.0 1.0 2.0 5.0 0.0 0.0 0.0 0.5 4.0 2.0 5.0 1.86
81 82 Qatar First Bank Qatar 0.0 1.5 4.5 5.0 3.0* 0.0 0.0 0.0 1.0 5.0 0.0 5.0 1.85
82 73 Arab Islamic Bank Palestine 0.0 2.5 4.5 3.5 1.8 0.0 1.5 1.0 2.0 1.5* 3.5* 4.5 1.84
83 78 Bank Panin Dubai Syariah Indonesia 0.0 4.0 1.5 0.5 4.5 0.0 0.5 0.0 2.0 3.5 2.5 2.0 1.78
84 43 First Security Islami Bank Bangladesh 1.0 2.0 3.5 0.5 3.0* 0.0 1.0 2.0 1.5 3.0* 2.5* 0.0 1.75
84 49 Social Islami Bank Bangladesh 0.5 1.0 3.5 1.5 3.5* 0.0 0.5 1.5 3.0 3.0* 2.0* 0.0 1.75
84 89 Albaraka Bank South Africa 0.0 3.5 3.0 3.0 4.0 0.0 1.5 0.5 1.5 0.5 2.5 4.5* 1.75
87 75 Palestine Islamic Bank Palestine 0.0 0.0 2.5 3.0 1.8* 0.0 1.5 1.5 3.0 2.0* 2.5* 4.5 1.74
88 56 Bank Muamalat Indonesia 0.5 3.0 0.5 3.5 3.5 0.0 0.5 0.0 4.5 1.0 2.0 1.0 1.68
89 83 First Energy Bank Bahrain 0.0 4.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 5.0* 0.5* 5.0* 1.66
90 64 ABC Islamic Bank Bahrain 0.0 1.0 0.0 0.0 5.0 1.0 4.0 5.0 2.5 0.0 0.0 0.5 1.59
91 55 Bahrain Islamic Bank Bahrain 0.5 2.0 1.5 2.5 4.5 0.0 0.5 1.5 1.5 1.5* 0.0* 3.0 1.53
91 91 Bank Syariah Bukopin Indonesia 0.0 1.5 0.5 0.0 4.0 0.0 0.5 0.0 2.0 3.5 2.0 2.0 1.53
93 86 Bank BJB Syariah Indonesia 0.0 5.0 1.0 0.0 2.3 0.0 1.0 0.0 1.0 3.0 3.0 1.0 1.38
94 93 Gulf African Bank Kenya 0.0 3.0 1.5 2.5 2.3 5.0 1.0 0.0 3.0 0.0 0.0 4.5 1.36
95 100 Citi Islamic Investment Bank Bahrain 0.0 2.0 0.0 0.0 5.0 0.5 5.0 2.0 1.5 0.0 0.0 0.0 1.34
96 95 First Community Bank Kenya 0.0 4.0 1.5 4.5 0.5 4.5 0.5 0.0 4.0 0.0 0.0 4.5 1.33
97 62 Islamic Bank of Thailand Thailand 0.0 0.5 1.0 4.5 0.0 0.0 0.0 0.0 1.5 3.0 0.0 2.5 0.99
98 90 Bank Alkhair Bahrain 0.0 4.5 2.5 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.5 0.78
99 96 Venture Capital Bank Bahrain 0.0 0.0 0.0 0.0 1.5 0.0 0.0 0.0 2.0 0.0 0.0 5.0* 0.59
100 77 Kurdistan International Bank Iraq 0.0 4.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.13

Notes:

(1) 5 = Highest, 0 = Lowest.

(2) *& ** FY2019 data Based on data in FY2019. # Adjusted for balance sheet growth and asset quality.

(3) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.

Source: TABInsights

Strongest Islamic banks in 2019

The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength, It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.

In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank emerged as the strongest Islamic bank. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The Asian Banker launched the inaugural evaluation of what will be an annual ranking of the largest and strongest Islamic banks, mainly in Asia Pacific, the Middle East and Africa.

The 100 largest Islamic banks posted an average asset growth of 8% after removing the anomaly of MBSB Bank in Malaysia, which completed the acquisition of Asian Finance Bank in 2018. It is higher than the average asset growth rates recorded by the 100 largest banks in the Middle East and the 500 largest banks in Asia Pacific, at 5.3% and 5.6%, respectively. On average, Saudi Arabia achieved the highest strength score at 3.9 out of five, followed by Kuwait (3.7), Qatar (3.5) and UAE (3.3).

Assets Financing Deposits FDR CAR Profit ROA Costs Fees Reserves NPF Liquidity
Strength Rank 2019 Islamic Bank Rank 2019 Bank Country Score (17.5%) Score (2.5%) Score (2.5%) Score (10.0%) Score (10.0%) Score (5.0%) Score (7.5%) Score (7.5%) Score (7.5%) Score (12.5%) Score (12.5%) Score (5.0%) Aggregate Strength Score 2019
1 1 Al Rajhi Bank Saudi Arabia 4.5 1.5 2.5 3.0 5.0 1.5 5.0 5.0 2.5 5.0 4.5 4.5 4.16
2 3 Kuwait Finance House Kuwait 4.5 1.5 2.0 3.0 4.5 1.5 4.5 4.5 3.0 5.0 3.5 5.0 3.95
3 2 Dubai Islamic Bank UAE 4.5 2.5 2.5 1.5 4.5 1.0 5.0 5.0 3.0 5.0 3.0 3.0 3.76
4 7 Alinma Bank Saudi Arabia 3.5 2.5 2.0 1.5 5.0 1.5 5.0 4.5 2.5 5.0 4.0 3.5 3.74
5 4 Maybank Islamic Malaysia 4.5 2.5 3.5 0.5 5.0 2.5 2.5 4.5 1.5 5.0 4.0 3.0 3.64
5 13 Bank AlBilad Saudi Arabia 2.0 4.0 4.0 2.0 4.5 2.5 5.0 3.0 4.0 5.0 4.0 4.5 3.64
7 5 Qatar Islamic Bank Qatar 4.0 1.5 1.5 0.5 5.0 1.0 5.0 5.0 3.5 5.0 4.0 0.0 3.63
8 9 Masraf Al Rayan Qatar 3.0 1.5 1.5 0.0 5.0 0.0 5.0 5.0 5.0 4.5 4.5 1.0 3.53
9 12 CIMB Islamic Bank Malaysia 2.5 4.5 4.0 1.5 4.5 3.0 2.0 5.0 1.5 5.0 4.5 3.5 3.48
10 34 Meezan Bank Pakistan 1.0 4.5 4.0 4.0 4.0 4.5 3.5 3.0 2.5 5.0 4.0 5.0 3.46
11 19 Boubyan Bank Kuwait 1.5 3.5 3.0 2.0 5.0 1.5 4.0 4.0 1.5 5.0 4.5 4.0 3.38
12 21 QIIB Qatar 1.5 0.5 1.0 2.0 4.5 1.0 5.0 5.0 4.0 4.5 3.5 4.5 3.34
13 17 Bank Islam Malaysia 2.0 2.5 3.0 2.5 4.5 2.0 3.0 3.0 1.5 5.0 4.5 4.5 3.31
14 6 Abu Dhabi Islamic Bank UAE 3.5 2.0 2.0 3.0 4.5 0.5 5.0 3.5 2.5 3.5 2.5 4.0 3.30
15 14 Bank AlJazira Saudi Arabia 2.0 2.0 2.0 3.0 5.0 0.0 4.5 2.5 3.0 5.0 3.5 2.0 3.21
16 74 BTPN Syariah Indonesia 0.0 4.0 3.5 1.5.0 5.0 4.0 5.0 3.5 0.5 5.0 4.0 5.0 3.18
17 15 Emirates Islamic Bank UAE 2.0 2.5 2.0 2.0 5.0 0.0 4.5 3.5 3.5 5.0 1.5 5.0 3.16
18 49 Al Baraka Bank Egypt 0.5 3.5 4.5 5.0 2.0 3.0 5.0 5.0 2.0 5.0 2.5 5.0 3.15
19 22 Barwa Bank Qatar 1.5 0.5 1.5 0.0 4.5 0.0 5.0 4.5 5.0 5.0 3.0 2.5 3.09
20 11 Al Baraka Banking Group Bahrain 2.5 1.0 1.0 4.5 4.5 0.5 2.0 3.0 5.0 3.5 2.0 4.5 3.08
20 23 Sharjah Islamic Bank UAE 1.5 3.0 4.0 1.5 4.5 0.0 3.5 3.0 5.0 5.0 2.0 4.5 3.08
22 27 MBSB Bank Malaysia 1.5 5.0 5.0 0.0 2.0 5.0 4.0 5.0 0.5 5.0 3.5 4.5 3.01
22 51 Arabi Islami Jordan 0.5 3.0 2.5 3.0 5.0 1.0 4.5 4.0 2.0 3.5 3.5 4.5 3.01
24 54 Abu Dhabi Islamic Bank Egypt 0.0 5.0 4.5 4.5 1.5 3.5 5.0 4.5 2.5 5.0 3.0 2.5 2.96
25 31 Warba Bank Kuwait 1.0 4.5 2.5 0.0 2.5 5.0 1.5 4.5 3.5 5.0 4.0 4.0 2.95
26 20 Noor Bank UAE 1.5 4.0 3.5 1.5 2.3 0.0 4.0 4.5 4.0 5.0 2.5 4.5 2.94
27 10 Bank Rakyat Malaysia 3.0 1.5 1.5 2.5 2.5 0.0 3.5 4.5 0.5 4.5 3.5 4.0 2.94
28 32 Kuwait International Bank Kuwait 1.0 4.5 3.0 0.0 4.5 0.0 3.0 3.0 2.0 5.0 4.5 4.0 2.91
29 18 Public Islamic Bank Malaysia 2.0 3.0 3.0 2.0 2.3 1.0 2.0 4.5 1.0 5.0 4.5 3.5 2.91
30 16 RHB Islamic Bank Malaysia 2.0 4.5 4.5 0.0 2.3 3.0 2.0 4.5 2.0 4.0 4.5 2.5 2.83
31 26 AmBank Islamic Malaysia 1.5 2.0 4.0 1.5 4.5 4.0 2.0 3.5 1.0 3.5 3.5 3.5 2.83
32 38 Bank Muamalat Malaysia 1.0 2.0 1.0 2.5 5.0 3.5 2.0 2.0 1.5 3.5 4.0 4.5 2.81
33 77 SIIB Syria 0.0 5.0 5.0 5.0 2.3 5.0 2.0 3.0 5.0 4.0 1.0 5.0 2.78
34 29 Hong Leong Islamic Bank Malaysia 1.0 3.0 2.5 2.0 2.0 3.0 2.5 5.0 1.0 4.5 4.5 3.0 2.78
35 92 Maldives Islamic Bank Maldives 0.0 5.0 4.0 5.0 2.3 2.5 5.0 2.5 3.5 2.0 3.5 5.0 2.77
36 57 Bank Nizwa Oman 0.0 4.0 5.0 3.0 4.5 5.0 2.5 2.0 4.5 0.0 5.0 3.5 2.74
36 88 Cham Islamic Bank Syria 0.0 5.0 5.0 5.0 2.5 5.0 1.5 0.5 2.0 5.0 3.0 5.0 2.74
38 67 Bank Aceh Syariah Indonesia 0.0 2.0 1.5 3.5 5.0 1.0 5.0 1.5 1.0 5.0 4.0 0.0 2.71
39 37 Jordan Islamic Bank Jordan 1.0 2.0 1.5 3.0 2.5 0.0 3.5 3.5 1.5 5.0 3.0 4.5 2.66
40 53 Bank BNI Syariah Indonesia 0.0 4.0 4.5 3.0 5.0 1.0 3.0 2.5 0.5 4.5 3.0 2.5 2.63
41 33 Bank Syariah Mandiri Indonesia 1.0 3.0 3.5 3.5 2.3 1.0 1.5 2.5 3.5 5.0 3.0 2.5 2.62
42 30 BIBD Brunei 1.0 3.5 2.0 5.0 2.3 1.0 4.5 4.0 1.0 2.5 2.5 5.0 2.61
43 35 Ajman Bank UAE 1.0 2.5 4.0 1.5 4.5 0.0 2.0 3.5 4.0 3.0 2.0 4.0 2.55
44 63 Alizz Islamic Bank Oman 0.0 4.5 4.5 1.5 4.0 5.0 1.0 0.0 2.5 4.5 4.0 2.5 2.54
45 66 Dubai Islamic Bank Pakistan 0.0 5.0 4.5 1.5 1.8 5.0 3.5 2.5 2.0 3.5 3.5 4.5 2.52
46 76 Al Baraka Bank Syria 0.0 4.0 4.5 5.0 2.5 5.0 3.5 4.5 2.5 2.5 0.0 5.0 2.50
47 81 Bank BCA Syariah Indonesia 0.0 4.0 4.0 3.0 5.0 1.0 2.5 2.0 2.5 0.0 5.0 4.5 2.48
48 25 IBBL Bangladesh 1.5 3.5 3.0 1.5 1.8 2.5 1.5 3.5 3.0 5.0 2.5 0.0 2.42
49 68 Safwa Islamic Bank Jordan 0.0 3.5 4.0 2.5 2.5 4.5 2.0 2.0 1.5 4.0 3.0 3.0 2.35
50 97 United Capital Bank Sudan 0.0 5.0 5.0 2.5 2.5 5.0 5.0 4.5 5.0 0.0 0.0 5.0 2.34
51 80 Bank Mega Syariah Indonesia 0.0 3.0 3.5 1.5 5.0 0.0 1.5 2.5 5.0 1.0 3.5 3.5 2.31
52 42 Al Salam Bank Bahrain 0.5 3.0 2.5 3.0 5.0 0.0 3.5 3.5 3.5 2.0 1.5 0.0 2.30
53 24 Al Hilal Bank UAE 1.5 1.0 1.0 2.0 4.5 0.0 0.5 2.5 2.5 3.5 1.5 4.5 2.29
53 45 Kuwait Finance House Bahrain 0.5 4.5 3.5 1.5 5.0 0.5 4.0 2.0 5.0 1.0 1.5 2.0 2.29
55 48 OCBC Al-Amin Bank Malaysia 0.5 2.5 2.5 2.0 4.5 0.0 2.0 3.5 2.0 3.0 2.5 1.5 2.25
56 71 Arab Islamic Bank Palestine 0.0 4.5 2.5 2.5 2.0 0.0 1.5 0.5 2.0 4.0 4.5 4.5 2.20
56 94 Bank Victoria Syariah Indonesia 0.0 1.5 1.5 2.5 5.0 5.0 0.5 0.0 2.0 3.5 3.5 0.0 2.20
58 64 Union Bank Bangladesh 0.0 4.0 1.5 0.0 2.5 0.5 1.5 3.5 1.5 5.0 4.5 0.0 2.15
58 69 BankIslami Pakistan 0.0 1.5 3.5 4.0 4.0 5.0 0.5 0.0 2.0 3.5 1.0 4.5 2.15
60 46 Al-Arafah Islami Bank Bangladesh 0.5 3.0 3.0 1.0 4.0 0.0 2.0 3.5 3.5 2.5 2.5 0.0 2.11
60 82 Albaraka Bank South Africa 0.0 2.0 3.5 2.5 4.5 1.0 3.0 1.0 2.0 0.5 3.5 4.5 2.11
62 39 Faisal Islamic Bank Egypt 1.0 3.5 3.5 5.0 2.3 2.5 5.0 3.5 1.0 0.0 0.0 5.0 2.09
63 75 First Energy Bank Bahrain 0.0 1.0 0.0 0.0 5.0 0.0 4.0 2.0 1.5 5.0 0.0 5.0 2.09
64 40 HSBC Amanah Malaysia 0.5 2.5 3.5 0.0 2.5 0.5 2.0 3.5 1.5 3.5 3.0 3.0 2.06
64 43 First Security Islami Bank Bangladesh 0.5 3.5 2.5 1.5 2.5 1.5 1.0 3.0 2.0 4.0 3.0 0.0 2.06
66 61 Standard Chartered Saadiq Malaysia 0.0 1.0 2.0 0.0 2.5 0.0 1.5 1.5 1.0 5.0 4.0 4.5 2.04
67 41 Sina Bank Iran 0.5 3.0 3.0 3.0 1.5 4.0 1.5 2.5 5.0 2.5 1.5 0.0 2.03
67 89 Jaiz Bank Nigeria 0.0 2.0 4.5 5.0 5.0 0.0 2.0 0.0 4.0 0.0 1.5 4.5 2.03
69 65 ABC Islamic Bank Bahrain 0.0 3.5 5.0 0.0 5.0 4.0 5.0 5.0 2.5 0.0 0.0 0.5 2.00
70 36 AFFIN Islamic Bank Malaysia 1.0 4.5 5.0 1.5 2.5 1.0 1.0 2.5 1.5 1.0 3.0 4.0 1.96
71 44 EXIM Bank Bangladesh 0.5 4.5 2.5 1.0 1.3 2.0 1.5 4.0 3.5 3.5 2.0 0.0 1.96
72 62 Al Rajhi Bank Malaysia 0.0 0.5 0.5 2.0 2.5 1.5 0.5 0.0 1.0 5.0 4.0 2.5 1.93
73 8 Parsian Bank Iran 3.5 5.0 4.5 3.0 0.3 5.0 4.0 3.5 0.0 0.0 0.0 0.0 1.92
74 60 Al Baraka Islamic Bank Bahrain 0.0 1.0 1.0 3.0 2.0 5.0 0.0 0.0 5.0 3.5 1.5 2.5 1.90
75 55 Bank BRIsyariah Indonesia 0.0 3.5 3.0 4.0 2.5 3.5 1.0 2.0 1.0 1.5 2.0 3.5 1.86
75 72 Al Baraka Bank Pakistan 0.0 2.5 2.0 2.5 3.0 5.0 0.0 0.0 2.0 3.0 1.5 4.5 1.86
77 85 Bank Syariah Bukopin Indonesia 0.0 1.0 1.0 2.0 2.5 3.5 0.5 1.0 2.0 3.0 2.0 4.0 1.78
78 79 Bank Panin Dubai Syariah Indonesia 0.0 1.5 1.0 2.0 2.5 0.0 0.5 0.0 3.0 4.0 2.5 3.0 1.75
79 47 Bank Muamalat Indonesia 0.5 0.5 1.0 3.5 1.8 0.0 0.5 0.0 3.0 3.5 2.5 2.5 1.74
79 50 Bahrain Islamic Bank Bahrain 0.5 2.0 2.0 2.5 2.3 1.0 2.5 2.0 2.0 2.0 1.0 3.5 1.74
81 84 Bank BJB Syariah Indonesia 0.0 2.0 1.0 2.0 2.3 5.0 0.5 0.0 0.5 3.0 2.5 4.0 1.72
82 83 Bank Alkhair Bahrain 0.0 0.5 4.5 5.0 0.5 5.0 0.0 0.0 0.0 5.0 0.0 4.5 1.66
83 28 Ithmaar Bank Bahrain 1.0 1.0 1.0 0.0 1.8 0.0 1.0 0.0 2.0 5.0 1.5 2.5 1.61
84 52 Shahjalal Islami Bank Bangladesh 0.0 0.0 0.0 0.0 4.0 0.0 1.5 3.5 3.5 1.5 2.0 0.0 1.58
85 58 Khaleeji Commercial Bank Bahrain 0.0 1.0 3.0 4.5 2.3 0.0 0.5 2.0 4.5 1.0 0.0 4.0 1.57
86 59 Kuwait Finance House Malaysia 0.0 1.5 1.5 0.0 2.5 0.0 0.5 0.0 0.5 4.0 2.5 5.0 1.53
87 70 Palestine Islamic Bank Palestine 0.0 3.0 3.5 3.0 1.8 0.0 4.5 1.5 3.0 0.0 0.0 4.5 1.51
88 73 Qatar First Bank Qatar 0.0 1.5 0.5 0.0 5.0 0.0 0.0 0.0 0.0 3.5 1.0 5.0 1.49
89 56 Al Rayan Bank United Kingdom 0.0 3.5 1.5 0.0 4.5 0.0 1.0 0.0 0.5 3.5 0.0 3.0 1.39
90 100 Citi Islamic Investment Bank Bahrain 0.0 2.5 0.0 0.0 2.5 5.0 5.0 3.0 2.0 0.0 0.0 0.0 1.38
91 87 Ibdar Bank Bahrain 0.0 0.5 0.5 0.0 5.0 0.0 0.0 0.0 0.5 2.0 0.0 5.0 1.19
92 78 MCB Islamic Bank Pakistan 0.0 5.0 5.0 0.5 3.5 0.0 0.0 0.0 2.0 0.0 0.0 4.5 1.10
93 91 Al Janoob Islamic Bank Iraq 0.0 4.0 5.0 0.0 5.0 0.0 0.5 0.0 1.5 0.0 0.0 0.0 1.00
94 90 Venture Capital Bank Bahrain 0.0 4.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 5.0 0.98
95 98 ICB Islamic Bank Bangladesh 0.0 1.0 2.0 5.0 0.0 0.0 0.0 0.0 0.0 3.5 0.0 1.5 0.96
96 93 Safa Bank Palestine 0.0 5.0 5.0 0.0 2.5 0.0 0.0 0.0 1.0 0.0 0.0 5.0 0.89
97 99 Maybank Syariah Indonesia 0.0 0.5 0.5 0.0 5.0 0.0 0.0 0.0 1.5 0.0 0.0 0.0 0.76
98 95 Liquidity Management Centre Bahrain 0.0 0.5 0.0 0.0 5.0 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.68
99 86 Elaf Islamic Bank Iraq 0.0 1.0 4.0 0.0 2.5 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.48
100 96 Global Banking Corporation Bahrain 0.0 0.0 0.0 0.0 2.5 0.0 0.0 0.0 2.0 0.0 0.0 0.0 0.46

Notes:

(1) 5 = Highest, 0 = Lowest.

(2) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.

Source: TABInsights