docThe Banker Top 500 - 2009 Timewell DiVanna Afternoon Session
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The Banker Top 500 - 2009 Timewell DiVanna Afternoon Session
© 2009 Maris Strategies, Ltd. All rights reserved. Interpreting 2009’s Data Stephen Timewell Editor Emeritus The Banker & Joseph DiVanna Managing Director Maris Strategies Four Years of Double Digit Growth © 2009 Maris Strategies, Ltd. All rights reserved. Source: Maris Strategies and The Banker Top 15 Institutions © 2009 Maris Strategies, Ltd. All rights reserved. Institutions and Assets in Muslim Populations © 2009 Maris Strategies, Ltd. All rights reserved. © 2009 Maris Strategies, Ltd. All rights reserved. A Few Questions….. From 2006 to 2009 © 2009 Maris Strategies, Ltd. All rights reserved. Emirates Islamic Bank 100% CIMB Islamic Bank Pasargad Bank 90% Ithmaar Bank 80% Dubai Islamic Bank Revenue Growth 70% 60% 50% 40% 30% 20% 10% Bank Boubyan Bank Albilad Sharjah Islamic Bank Kuwait Finance House Qatar International Islamic Bank Faisal Islamic Bank of Egypt Al Baraka Banking Group Türkiye Finans Katilim Bankasi Abu Dhabi Islamic Bank Bank Muamalat Malaysia -10% -40% BIMB Holdings Samba Financial Group Bank Refah QNB Al Islami International Leasing and Investment Company Al Rajhi Bank Dubai Bank Banque Saudi Fransi Eghtesad Novin Bank Saudi British Bank Asya Finans Kurumu Bank Melli Iran AmIslamic Bank Berhad National Commercial Bank Kuwait International Bank Bank Mellat Bank Rakyat Bank Tejarat Iran Maybank Islamic Berhad -10% Albarakah Tur Bank Sepah Islami Bank Bangladesh Public Bank Berhad -20% -30% Investment Dar Arcapita Bank Qatar Islamic Bank Bank Al Jazira Riyad Bank AMMB Holdings 0% Gulf Finance House Parsian Bank Bank Saderat Iran Bank Keshavarzi Iran 0% 10% 20% 30% 40% 50% Asset Growth 60% 70% 80% 90% 100% Source: Maris Strategies Relative Size Shariah-compliant Institutions by Asset © 2009 Maris Strategies, Ltd. All rights reserved. Türkiye Finans Katilim Bankasi HSBC Amanah Asya Finans Kuruma Albarakah Turkey Bank Saderat Bank Sepah Bank SAanat Va Maadan Parsian Pasargad Eghtesad Novin Bank Bank Bank Bank Maskan Bank Refah Bank Tejarat Bank Keshavarzi Bank Mellat Bank Islam Brunei Darussalam Islami Bank Bangladesh Bank Melli AMMB Holdings AmIslamic Bank Public Bank Berhad Bank Maybank Rakyat Islamic Berhad BIMB Holdings Bank Muamalat Malaysia Berhad Faisal Islamic Bank of Egypt 10b Investment Dar Al Rajhi Bank National Riyad Commercial Bank Bank Saudi British Samba Bank Banque Bank Financial Al Jazira Saudi Group Fransi Bank Albilad Kuwait Finance House Kuwait International Bank International Leasing and Investment Company Al Baraka Banking Group Ithmaar Bank Arcapita Bank Gulf Finance House Qatar Islamic Bank QNB Al Islami Dubai Islamic Bank Dubai Bank Abu Dhabi Islamic Bank Emirates Islamic Bank Masraf Al Rayan Qatar International Islamic Bank Source: Maris Strategies Islamic Finance Industry Topology © 2009 Maris Strategies, Ltd. All rights reserved. Islamic Finance Institutions National Islamic Finance Infrastructure Institutions Central Bank of Bahrain Transnational Islamic Finance Infrastructure Institutions General Council for Islamic Banks & Financial Institutions (GCIBFI) International Islamic Financial Market (IIFM) Financial Services Authority (UK) Dubai Financial Services Authority (DFSA) Organization of The Islamic Conference (OIC) Islamic Development Bank (IDB) Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) Bank Negara (Central Bank) Ministry of Finance Brunei Create and develop Islamic secondary market Liquidity Management Centre (LMC) Bank of Sudan (Central Bank) International Financial Services Board (IFSB) State Bank of Pakistan Bahrain Institute of Banking & Finance (BIBF) Hong Kong Monetary Authority (HKMA) Central Bank of Sri Lanka (CBSL) Labuan Offshore Financial Services Authority (LOFSA) Brunei Investment Agency Foster the economic development and social progress Enhance market understanding of Islamic finance International Islamic Rating Agency (IIRA) Bank Indonesia (Central Bank) Strengthen intra-Islamic economic & trade establish Islamic Common Market Islamic Research & Training Institute (IRTI) Sovereign Instrument Issuers Accounting & Auditing Standards Rate Islamic financial institutions and financial instruments Market maker for Islamic secondary market instruments Regulatory Standards Education in banking and Islamic financial instruments Promote Islamic research & training Dubai International Finance Centre (DIFC) Labuan International Financial Exchange (LFX) Dubai International Financial Exchange (DIFX) Institute of Islamic Banking and Finance (India) Islamic Banking & Finance Institute Malaysia (IBFIM) Other Evolving Sub-Networks IIUM Institute of Islamic Banking and Finance (Malaysia) Other Islamic Financial Institutions (964 institutions) The International Centre for Education in Islamic Finance (INCEIF Malaysia). Conventional Financial Institutions with Islamic Windows (187institutions) Islamic Funds (200+ funds) Takaful Issuers (100+ insurers) Source: Maris Strategies Dimensions of Market Growth in Islamic Finance © 2009 Maris Strategies, Ltd. All rights reserved. Challenges and Opportunities © 2009 Maris Strategies, Ltd. All rights reserved. Shariah compliant bank challenges: • Need greater innovation in financial instruments • Moving brands toward ethical / moral identity • Employee need banking, Shariah and product knowledge • Need for greater transparency Shariah compliant bank opportunities: • Focus on SME financing and • Women customers are key in many markets (retail banking) • Foreign direct investment (attraction / export) Product Innovation is Needed © 2009 Maris Strategies, Ltd. All rights reserved. Innovation is the next challenge: • Core products still mimic conventional products • Focus shifting toward specialty markets • Vast majority of Muslims still not served © 2009 Maris Strategies, Ltd. All rights reserved. Can you draw us a picture of where we are today as an industry? © 2009 Maris Strategies, Ltd. All rights reserved. Your questions for Stephen and Joe…..
