Islamic Banking

Powerful Essays
19th Annual

A critical reference source for decision makers in the global Islamic finance industry, providing strategic insights from Ernst & Young Dear Banking & Finance Leader, It is with great pleasure that we present to you the 9th annual edition of the World Islamic Banking Competitiveness Report 2012/13, developed in collaboration with leading global professional services and advisory firm Ernst & Young, and exclusively launched onsite at the 19th Annual World Islamic Banking Conference (WIBC 2012) during a specially convened WIBC plenary session held on the 10th of December 2012 in the Kingdom of Bahrain. More than 1,200 industry leaders from over 50 countries attended WIBC 2012 to chart new directions for the global Islamic finance industry, continuing WIBC’s longstanding tradition of shaping the future of Islamic finance. Despite the challenging global economic environment, leading Islamic financial institutions have been able to sustain their growth ambitions. The industry, with its increasingly international footprint, continues to demonstrate its resilience and competitiveness, while the range of Shari’ah-compliant products and services available globally has significantly widened and deepened. The rapid growth and the intensification of the industry’s internationalisation highlight the dynamic nature of the industry and underscore the increasing efforts of Islamic financial institutions to meet the growing demands of a global economy. However, in order to sustain growth over the long term, there is a need to put in place prudent legal and regulatory policies together with sound and efficient business frameworks that will further boost the resilience and success of the Islamic financial sector. We would like to express our sincere gratitude to Ernst & Young and their world renowned Islamic Financial Services Team for investing their considerable talent and resources in developing the World Islamic Banking Competitiveness Report 2012/13. The Report,



References: ► Thought Leadership Award, 2011 Best Takaful Advisory Firm, 2011/2009 Best Islamic Research, 2011 ► Best Islamic Advisory Firm, 2011/2010/2009 Best Islamic Finance Advisory Firm, 2009/2008/2007 Best Islamic Finance Advisory Firm, 2009/2008/2007/2006 WIBC Leading Islamic Financial Services Provider, 2008 ► Most Outstanding Business Advisory & consulting Firm, 2007/2006 ► Best Islamic Consulting Firm, 2006 Consistently ranked the best Islamic Advisory firm with awards every year since 2006

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