S. Sudan mediators condemns renewed fighting    AP Interview: Egypt's El-Sisi ready to back anti-IS fight    Yemen president calls for settlement on third day of clashes    Morsi espionage trial postponed    Egypt begins collecting property tax for 1.5m residential and non-residential units: Finance minister    Saxo Bank considers adding Egyptian Exchange to its list of global markets by end of 2015    World Bank delegation to visit Cairo in 2 weeks to address business climate: Investment minister    Critically-ill Mohamed Soltan denied crucial medical care: Amnesty International    37 Brotherhood members arrested for protesting Friday: Interior ministry    Shoukry discusses the Middle East and terrorism in UN meeting    Dutch citizens file case against Egyptian interior minister    Egypt's GASC buys 55,000 tonnes of US wheat    Real Madrid hit eight past sorry Depor    BREAKING: Cameroon, Ivory Coast, Guinea to host Nations Cup    Egyptian national pleads guilty to US embassy bombings charges    Anti-Islamic ads coming to New York transit system    Egypt and its FDI Prospects    As Scotland Rejects Independence, Cameron Promises More Autonomy    Fitch Affirms Triple-A Rating for U.S.    Egypt's Industrial Policies Discourage Employment: World Bank    As G20 chases growth goal, members differ on how to get there    IOC's Bach says sports and politics do mix    Civilians injured in North Sinai attacks    Ebola Lockdown Brings Sierra Leone Capital To A Halt    French Jets Strike In Iraq, Expanding U.S.-Led Campaign Against Islamic State    Return of Ahmed El-Saedi to the Cairo Symphony Orchestra    Several Issues On Sisi's Agenda At UN General Assembly    37 'Brotherhood Members' Arrested At Friday Protests    Egypt Falls in FIFA Rankings after Two African Losses    Detainees Escape In Egypt's Mahalla Using Hot Water    Shourky to attend UN meetings on nuclear weapons eradication and the right to veto    15 Zamalek Ultras released from custody    Study: Artificial Sweeteners may promote diabetes    Ebola could drain billions of dollars from African economies: World Bank    Boateng's Strike Hands Bayern Last-Gasp Win Over Manchester City    18 Russians Injured in Egypt Tour Bus Crash    Cairo's Downtown Street Vendors Question Their New Home    Court sentences 15 Azhar students to 4 years    Tourists killed in Beni Suef collision    Rihanna, CBS Bench Opening Number For Thursday Football    Niki De Saint Phalle Shoots To Kill At Paris Retrospective    George Clooney To Receive Golden Globes' Cecil B. Demille Award    China detains famed film director for "prostitution"    TRAILERS: Toronto Film Festival announces winners    Ahly Prevail On Penalties To Win Super Cup, Compounding Zamalek's Derby Woes    Hacking like Egyptians    VIDEO: Ahli snatch Super Cup after penalty drama    More antiquities intended for smuggling detected, others to be returned soon: Tourism Police    







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.