Squash: Egypt's El-Shorbagy beats Gaultier to reach El-Gouna final    BREAKING: Author Gabriel García Márquez dies    Zamalek wallop Minya to move into second in Egyptian Premier League    Wasat Party leader Madi to remain in detention    Iran oil exports fall for first time in five months    Putin says trust lost in ties with US before Ukraine crisis    Ukraine 2022 Olympic bid on hold but still alive    Hamas Grateful for Egypt's Allowing Passage of Qatari Construction Material    IBM's Quarterly Revenue Sinks To 5-Year Low As Hardware Sales Fall    Syrian Opposition Accuses Assad's Forces Of New Poison Gas Attack    52 Sudanese deported from Egypt    Asian Stocks Creep Ahead, Tech Sector A Drag    Yen Reclaims Lost Ground Against Dollar, Euro    Egypt Shares Slightly down at Open amid Early Sell-offs    Hundreds Still Missing In Deadly Korea Ferry Accident    Putin Risks Upstaging Talks On Defusing Ukraine Crisis    VIDEO: Elneny scores first-ever Basel goal    Real Madrid's Bale targets three crowns after Cup stunner    Successive Egypt Governments Failed To Stop Sexual Violence: Report    President, Interior Ministry Reps And NHCR Discuss Egypt's Prisons    Egypt's Political Movements, Parties Campaign To Revoke Protest Law    Egypt's Government Pulls Film Starring Arab ‘Sex Symbol', Awaits Review By Censors    PHOTO GALLERY: Search resumes for hundreds missing in S. Korean ferry disaster    Abu Ismail sentenced to 7 years    Security forces disperse student protest at Al-Azhar University: SAC    Al-Dostour Party backs Sabahy for president    New Egyptian satellite launched into orbit over Kazakhstan    Egyptian animal rights activists accuse shelter of negligence and deception    Ministries of Housing and Supply cooperate on development of services in new cities    Journalists in Egypt ‘have become a target from all sides': Rights groups    Samsung executive says Galaxy S5 to outsell S4, sees second quarter rollout for Tizen phone    IED injures 3 in Giza neighbourhood    TE Data launches M3ak service for the disabled    MCIT, MOI sign protocol to integrate new technology into transportation sector: Communications ministry    Some new Facebook friends may signal relationship troubles    Sabahi's Campaign Says Egypt's Government Refused Complaint Of Bias    VIDEO: Wonder goal gives Ahli dramatic win    Free admission to all of Egypt's archaeological sites, 18 & 19 April    Egypt to hold annual talks with IMF after presidential elections    Republished: Sudhir Tailang, political cartooning in India    Salah can be very exciting at Chelsea - Mourinho    Ashour leads home hopes into second round at El Gouna    Ga Sabry shakes up El Gouna International    Bomb in Dokki injures two policemen    Ministries Battle over Future of Cairo's Mubarak-era Building    Mawwell launches the first crowdfunding platform targeting EMEA market    Bollywood Love Story brings magic of India to Egypt    Police stop art festival in Alexandria, arrest organisers    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.




Your friends recommend

Global Islamic Banking Valued At US$1.5 Trillion At End-March: El-Beltagy
Published in Amwal Al Ghad on 13 - 05 - 2013

The Chairman of Egyptian Islamic Finance Association, Dr. Mohamed El-Beltagy, has revealed that the volume of global Islamic banking has reached US$ 1.500 trillion at the end of last March, citing statistics from international financial institutions.
El-Beltagy expected Islamic banking to significantly grow in the upcoming period as many countries have started to invest in Sharia-compliant financial instruments such as sukuk (Islamic bonds).
The Egyptian Islamic Finance Association will organize a conference next month to discuss sukuk applications after approving the law and setting the executive regulation, he told Amwal Al Ghad.
The volume of Islamic banking in Egypt reached EGP 102 billion at the end of last January, accounting for 7.4% of the total volume of banking transactions in the country.
The volume of Islamic banking transactions rose 2.6% since the outbreak of 2011's revolution. Islamic deposits surged to EGP 83 billion at the end of last January, accounting for 7.6% of the total volume of deposits which reached EGP 1.113 billion at the end of last January, he added.
The volume of Islamic finances reached EGP 72 billion at the end of last January, accounting for 7.2% of the total volume of finances reached EGP 524 billion.


Clic here to read the story from its source.