Mubasher: Assets owned by Islamic banks grew 17% to $1.5 trillion in 2016, in the period succeeding the global financial crisis, according to a study released by the Arabian Monetary Fund (AMF).
The fund highlighted that Islamic banking is not limited to Islamic countries only, but it is now widely-spread to many other countries led by the United Kingdom.
The study pointed out that Islamic banking highly affects the banks sector, especially in GCC countries, in addition to its importance in six Arab countries, namely: Sudan, Saudi Arabia, Kuwait, Yemen, Qatar and UAE.
