Karafarin Bank, Second Islamic Bank in ROA Recognised by the Banker

With returns of asset (ROA) rate of 3.3% in 2015, Karafarin Bank earned the second place among all Islamic Banks throughout the globe.

With returns of asset (ROA) rate of 3.3% in 2015, Karafarin Bank earned the second place among all Islamic Banks throughout the globe.
This rating was among 360 Islamic banks and credit institutes in over 40 countries, the Banker explained. Based on this report, Islamic banks during the previous year, made profits of USD12.5 billion with an average ROA of 1.1%. Iranian banks, credit institutes, insurance companies were on top of the aforementioned list of 360 banks. (in terms of in comparison with other banks rated by the Banker).
According to the Banker, total asset value of institutes abiding by Shariya Law throughout the world stands at USD273 billion, of which Islamic banks have USD946 billion at their disposal. Of these 350 institutes which are located in 40 countries, 249 offer Islamic services in full and the remaining 111 commercial banks offer partial Islamic services throughout their network of kiosks.
The Banker, rates Islamic banks and credit institutes on an annual basis. It is noteworthy that the Banker which is affiliated to the Financial Times, is a highly respected international publication that circulates its rating on commercial banks throughout the world, alongside other financial, banking and investment information.

Publish Date: Aug 21, 2016