Strongest Islamic banks 2023
In this year’s Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank maintained its standing as the world’s strongest Islamic bank in the world. The evaluation is conducted using a comprehensive and transparent scorecard, assessing the banks in six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity, encompassing 14 specific factors.
The Middle Eastern Islamic banks exhibited greater scale and profitability compared to their Asian counterparts, while Asian Islamic banks showed stronger asset quality. Islamic banks in Saudi Arabia and Kuwait have shown the highest overall strength, with impressive capitalisation, liquidity, and profitability metrics. Saudi banks, for example, boast an average Tier 1 capital ratio of 19% and a capital adequacy ratio of 21%. Kuwaiti banks, on the other hand, excel in liquidity, with a weighted liquidity coverage ratio of 181% compared to Saudi banks’ 134%. In Asia, Islamic banks in Pakistan exhibited the highest financial strength, propelled by exceptional performance in balance sheet growth, profitability, and liquidity.
| Assets | Financing | Deposits | FDR | CAR | Profit | ROA | Costs | Fees | NPF | Reserves | Liquidity | LCR | NSFR | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Strength Rank 2023 | Largest Islamic Banks 2023 | Bank | Country | Score (17.5%) | Score (2.5%) | Score (2.5%) | Score (5%) | Score (15%) | Score (2.5%) | Score (5%) | Score (7.5%) | Score (5%) | Score (12.5%) | Score (12.5%) | Score (5.0%) | Score (5.0%) | Score (5.0%) | Aggregate Strength Score 2023 |
| 1 | 1 | Al Rajhi Bank | Saudi Arabia | 10.0 | 8.0 | 5.0 | 8.0 | 10.0 | 3.0 | 10.0 | 10.0 | 5.0 | 9.0 | 10.0 | 3.0 | 7.0 | 6.0 | 8.48 |
| 2 | 3 | Kuwait Finance House | Kuwait | 8.0 | #4.0 | #1.0 | 10.0 | 8.0 | #6.0 | 8.0 | 9.0 | 6.0 | 7.0 | 10.0 | 7.0 | 8.0 | 6.0 | 7.73 |
| 3 | 46 | Turkiye Emlak Katilim Bankasi | Turkey | 1.0 | #5.0 | #5.0 | 7.0 | 10.0 | #5.0 | 10.0 | 10.0 | 8.0 | 10.0 | 10.0 | 9.0 | 10.0 | 1.0 | 7.53 |
| 4 | 8 | Qatar Islamic Bank | Qatar | 6.0 | 1.0 | 1.0 | 9.0 | 9.0 | 2.0 | 10.0 | 10.0 | 8.0 | 7.0 | 10.0 | 2.0 | 7.0 | 7.0 | 7.38 |
| 5 | 7 | Alinma Bank | Saudi Arabia | 6.0 | 7.0 | 8.0 | 8.0 | 9.0 | 5.0 | 9.0 | 9.0 | 5.0 | 6.0 | 10.0 | 3.0 | 7.0 | 6.0 | 7.33 |
| 6 | 32 | Meezan Bank | Pakistan | 1.0 | 9.0 | 7.0 | 7.0 | 9.0 | 10.0 | 9.0 | 9.0 | 3.0 | 7.0 | 10.0 | 10.0 | 9.0 | 8.0 | 7.25 |
| 7 | 19 | Kuveyt Turk Katilim Bankasi | Turkey | 3.0 | #5.0 | #5.0 | 7.0 | 10.0 | #5.0 | 10.0 | 9.0 | 5.0 | 6.0 | 10.0 | 10.0 | 10.0 | 1.0 | 7.15 |
| 7 | 95 | Al Janoob Islamic Bank | Iraq | 0.0 | 8.0 | 10.0 | 9.0 | 10.0 | 10.0 | 10.0 | 8.0 | 6.0 | 8.0 | 10.0 | 1.0 | 8.0 | 8.0 | 7.15 |
| 9 | 11 | Bank Albilad | Saudi Arabia | 4.0 | 5.0 | 7.0 | 9.0 | 8.0 | 4.0 | 8.0 | 7.0 | 6.0 | 7.0 | 10.0 | 4.0 | 8.0 | 6.0 | 6.90 |
| 10 | 6 | Maybank Islamic | Malaysia | 6.0 | 6.0 | 6.0 | 9.0 | 8.0 | 3.0 | 5.0 | 10.0 | 1.0 | 8.0 | 10.0 | 2.0 | 5.0 | 5.0 | 6.83 |
| 11 | 23 | Bank Syariah Indonesia | Indonesia | 2.0 | 8.0 | 6.0 | 9.0 | 10.0 | 5.0 | 7.0 | 5.0 | 3.0 | 5.0 | 10.0 | 10.0 | 8.0 | 7.0 | 6.73 |
| 12 | 35 | Vakif Katilim Bankasi | Turkey | 1.0 | #5.0 | #5.0 | 10.0 | 8.0 | #5.0 | 10.0 | 9.0 | 5.0 | 8.0 | 10.0 | 7.0 | 8.0 | 1.0 | 6.70 |
| 13 | 39 | Turkiye Finans Katilim Bankasi | Turkey | 1.0 | #4.5 | #4.0 | 9.0 | 10.0 | #5.0 | 10.0 | 9.0 | 5.0 | 4.0 | 10.0 | 8.0 | 10.0 | 1.0 | 6.56 |
| 14 | 34 | Al Salam Bank | Bahrain | 1.0 | 9.0 | 9.0 | 8.0 | 10.0 | 8.0 | 5.0 | 5.0 | 6.0 | 6.0 | 10.0 | 3.0 | 9.0 | 6.0 | 6.53 |
| 15 | 13 | Bank AlJazira | Saudi Arabia | 4.0 | 6.0 | 5.0 | 10.0 | 9.0 | 0.0 | 5.0 | 5.0 | 6.0 | 6.0 | 10.0 | 3.0 | 8.0 | 6.0 | 6.50 |
| 16 | 33 | Ziraat Katilim Bankasi | Turkey | 1.0 | #5.0 | #5.0 | 10.0 | 7.0 | #5.0 | 10.0 | 10.0 | 5.0 | 7.0 | 10.0 | 6.0 | 7.0 | 1.0 | 6.40 |
| 17 | 5 | Dubai Islamic Bank | UAE | 7.0 | 2.0 | 2.0 | 9.0 | 8.0 | 3.0 | 9.0 | 10.0 | 5.0 | 2.0 | 8.0 | 2.0 | 8.0 | 6.0 | 6.38 |
| 18 | 12 | CIMB Islamic Bank | Malaysia | 4.0 | 7.0 | 6.0 | 9.0 | 8.0 | 4.0 | 3.0 | 8.0 | 3.0 | 7.0 | 10.0 | 3.0 | 5.0 | 5.0 | 6.35 |
| 18 | 81 | Bank BTPN Syariah | Indonesia | 0.0 | 5.0 | 5.0 | 9.0 | 10.0 | 5.0 | 10.0 | 8.0 | 1.0 | 5.0 | 10.0 | 3.0 | 9.0 | 8.0 | 6.35 |
| 20 | 16 | Boubyan Bank | Kuwait | 3.0 | 4.0 | 4.0 | 9.0 | 9.0 | 1.0 | 3.0 | 5.0 | 4.0 | 7.0 | 10.0 | 4.0 | 8.0 | 6.0 | 6.23 |
| 21 | 20 | Bank Islam | Malaysia | 3.0 | 6.0 | 6.0 | 10.0 | 9.0 | 0.0 | 2.0 | 4.0 | 2.0 | 7.0 | 10.0 | 5.0 | 8.0 | *6.0 | 6.18 |
| 21 | 26 | QIIB | Qatar | 2.0 | 1.0 | 2.0 | 9.0 | 8.0 | 1.0 | 8.0 | 10.0 | 10.0 | 5.0 | 10.0 | 5.0 | 6.0 | 1.0 | 6.18 |
| 21 | 28 | Warba Bank | Kuwait | 1.0 | 9.0 | 7.0 | 5.0 | 8.0 | 0.0 | 2.0 | 7.0 | 8.0 | 8.0 | 10.0 | 4.0 | 8.0 | 6.0 | 6.18 |
| 24 | 31 | Hong Leong Islamic Bank | Malaysia | 1.0 | 5.0 | 5.0 | 10.0 | 7.0 | 0.0 | 3.0 | 10.0 | 1.0 | 10.0 | 10.0 | 2.0 | 7.0 | 5.0 | 6.10 |
| 24 | 38 | Albaraka Turk Katilim Bankasi | Turkey | 1.0 | #4.5 | #4.5 | 8.0 | 7.0 | #5.0 | 7.0 | 6.0 | 9.0 | 6.0 | 10.0 | 7.0 | 10.0 | 1.0 | 6.10 |
| 26 | 52 | Kuwait Finance House | Bahrain | 0.0 | 1.0 | 1.0 | 9.0 | 10.0 | 0.0 | 7.0 | 5.0 | 8.0 | 7.0 | 10.0 | 1.0 | 9.0 | 6.0 | 6.05 |
| 27 | 21 | Public Islamic Bank | Malaysia | 3.0 | 5.0 | 7.0 | 10.0 | 4.0 | 1.0 | 3.0 | 8.0 | 2.0 | 10.0 | 10.0 | 4.0 | 7.0 | 5.0 | 6.03 |
| 27 | 92 | Bank BCA Syariah | Indonesia | 0.0 | 7.0 | 8.0 | 8.0 | 10.0 | 6.0 | 5.0 | 7.0 | 2.0 | 7.0 | 10.0 | 10.0 | 1.0 | 1.0 | 6.03 |
| 29 | 30 | Kuwait International Bank | Kuwait | 1.0 | 7.0 | 7.0 | 6.0 | 8.0 | 10.0 | 2.0 | 6.0 | 7.0 | 5.0 | 10.0 | 5.0 | 8.0 | 6.0 | 5.98 |
| 29 | 40 | Jordan Islamic Bank | Jordan | 1.0 | 3.0 | 4.0 | 10.0 | 10.0 | 0.0 | 5.0 | 7.0 | 7.0 | 5.0 | 10.0 | 3.0 | 9.0 | 1.0 | 5.98 |
| 31 | 22 | Emirates Islamic Bank | UAE | 3.0 | 6.0 | 8.0 | 10.0 | 9.0 | 8.0 | 8.0 | 6.0 | 6.0 | 2.0 | 10.0 | 7.0 | 1.0 | 1.0 | 5.95 |
| 32 | 51 | Arabi Islami | Jordan | 0.0 | 5.0 | 3.0 | 9.0 | 9.0 | 0.0 | 6.0 | 6.0 | 4.0 | 7.0 | 10.0 | 5.0 | 10.0 | 1.0 | 5.88 |
| 32 | 56 | Bank Nizwa | Oman | 0.0 | 4.0 | 5.0 | 8.0 | 8.0 | 7.0 | 5.0 | 6.0 | 7.0 | 5.0 | 10.0 | 3.0 | 9.0 | 7.0 | 5.88 |
| 34 | 73 | Dubai Islamic Bank | Pakistan | 0.0 | 4.0 | 9.0 | 10.0 | 7.0 | 10.0 | 4.0 | 7.0 | 3.0 | 4.0 | 10.0 | 8.0 | 7.0 | 7.0 | 5.85 |
| 35 | 18 | RHB Islamic Bank | Malaysia | 3.0 | 4.0 | 5.0 | 8.0 | 5.0 | 2.0 | 3.0 | 9.0 | 2.0 | 9.0 | 10.0 | 3.0 | 5.0 | 5.0 | 5.83 |
| 36 | 10 | Abu Dhabi Islamic Bank | UAE | 5.0 | 8.0 | 9.0 | 9.0 | 8.0 | 9.0 | 10.0 | 9.0 | 7.0 | 1.0 | 6.0 | 5.0 | 1.0 | 1.0 | 5.80 |
| 37 | 100 | Amana Bank | Sri Lanka | 0.0 | 4.0 | 8.0 | 9.0 | 7.0 | 10.0 | 2.0 | 4.0 | 6.0 | 4.0 | 10.0 | 8.0 | 9.0 | 8.0 | 5.75 |
| 38 | 27 | AmBank Islamic | Malaysia | 1.0 | 7.0 | 8.0 | 9.0 | 8.0 | 4.0 | 4.0 | 9.0 | 2.0 | 7.0 | 10.0 | 4.0 | 1.0 | 1.0 | 5.68 |
| 38 | 71 | BankIslami | Pakistan | 0.0 | 5.0 | 8.0 | 6.0 | 8.0 | 10.0 | 5.0 | 6.0 | 4.0 | 1.0 | 9.0 | 10.0 | 10.0 | 9.0 | 5.68 |
| 40 | 14 | Dukhan Bank | Qatar | 3.0 | 2.0 | 2.0 | 8.0 | 9.0 | 0.0 | 5.0 | 10.0 | 10.0 | 3.0 | 8.0 | 2.0 | 6.0 | 1.0 | 5.63 |
| 40 | 37 | Affin Islamic Bank | Malaysia | 1.0 | 6.0 | 7.0 | 8.0 | 9.0 | 9.0 | 2.0 | 8.0 | 3.0 | 7.0 | 10.0 | 2.0 | 1.0 | 1.0 | 5.63 |
| 40 | 62 | Al Baraka Bank | Egypt | 0.0 | 10.0 | 3.0 | 5.0 | 4.0 | 7.0 | 10.0 | 10.0 | 3.0 | 3.0 | 10.0 | 6.0 | 10.0 | 9.0 | 5.63 |
| 43 | 17 | Al Baraka Group | Bahrain | 3.0 | 1.0 | 1.0 | 8.0 | *7.0 | 7.0 | 4.0 | 6.0 | 8.0 | 4.0 | 10.0 | 4.0 | *8.0 | 1.0 | 5.58 |
| 44 | 58 | Alliance Islamic Bank | Malaysia | 0.0 | 4.0 | 6.0 | 10.0 | 8.0 | 3.0 | 5.0 | 8.0 | 2.0 | 5.0 | 10.0 | 5.0 | 6.0 | 1.0 | 5.45 |
| 45 | 41 | Bank Muamalat | Malaysia | 1.0 | 7.0 | 7.0 | 9.0 | 8.0 | 3.0 | 3.0 | 4.0 | 3.0 | 8.0 | 10.0 | 5.0 | 1.0 | 1.0 | 5.43 |
| 46 | 25 | Sharjah Islamic Bank | UAE | 2.0 | 3.0 | 3.0 | 9.0 | 9.0 | 6.0 | 5.0 | 8.0 | 9.0 | 2.0 | 8.0 | 7.0 | 1.0 | 1.0 | 5.40 |
| 46 | 78 | Gatehouse Bank | United Kingdom | 0.0 | 9.0 | 9.0 | 7.0 | 9.0 | 10.0 | 3.0 | 0.0 | 8.0 | 7.0 | 5.0 | 1.0 | 10.0 | 8.0 | 5.40 |
| 46 | 91 | Bank NTB Syariah | Indonesia | 0.0 | 7.0 | 8.0 | 10.0 | 10.0 | 4.0 | 7.0 | 2.0 | 1.0 | 7.0 | 10.0 | 3.0 | 1.0 | 1.0 | 5.40 |
| 49 | 84 | Bank Mega Syariah | Indonesia | 0.0 | 2.0 | 7.0 | 6.0 | 10.0 | 0.0 | 8.0 | 5.0 | 3.0 | 7.0 | 8.0 | 9.0 | 1.0 | 1.0 | 5.38 |
| 49 | 86 | Bank Panin Dubai Syariah | Indonesia | 0.0 | 8.0 | 9.0 | 9.0 | 10.0 | 10.0 | 8.0 | 7.0 | 2.0 | 4.0 | 7.0 | 5.0 | 1.0 | 1.0 | 5.38 |
| 51 | 15 | Bank Rakyat | Malaysia | 3.0 | 2.0 | 3.0 | 10.0 | 5.0 | 0.0 | 5.0 | 7.0 | 1.0 | 6.0 | 10.0 | 4.0 | 5.0 | 5.0 | 5.35 |
| 52 | 9 | Masraf Al Rayan | Qatar | 5.0 | 1.0 | 1.0 | 4.0 | 10.0 | 3.0 | 4.0 | 10.0 | 10.0 | 2.0 | 4.0 | 1.0 | 5.0 | 5.0 | 5.33 |
| 52 | 99 | Safa Bank | Palestine | 0.0 | 6.0 | 5.0 | 9.0 | 10.0 | 10.0 | 1.0 | 0.0 | 3.0 | 5.0 | 7.0 | 6.0 | 10.0 | 7.0 | 5.33 |
| 54 | 50 | Abu Dhabi Islamic Bank | Egypt | 0.0 | 8.0 | 9.0 | 7.0 | 3.5 | 10.0 | 10.0 | 10.0 | 3.0 | 6.0 | 10.0 | 5.0 | 1.0 | 1.0 | 5.30 |
| 54 | 63 | Shahjalal Islami Bank | Bangladesh | 0.0 | 4.0 | 5.0 | 8.0 | 7.0 | 8.0 | 5.0 | 7.0 | 10.0 | 3.0 | 7.0 | 3.0 | 8.0 | 7.0 | 5.30 |
| 54 | 75 | Bank Aceh Syariah | Indonesia | 0.0 | 3.0 | 2.0 | 9.0 | 10.0 | 2.0 | 7.0 | 1.0 | 3.0 | 8.0 | 10.0 | 5.0 | 1.0 | 1.0 | 5.30 |
| 57 | 82 | International Development Bank | Iraq | 0.0 | 9.0 | 9.0 | 8.0 | 10.0 | 0.0 | 3.0 | 0.0 | 10.0 | 5.0 | 8.0 | 10.0 | 1.0 | 1.0 | 5.23 |
| 58 | 48 | HSBC Amanah | Malaysia | 1.0 | 4.0 | 5.0 | 9.0 | 9.0 | 7.0 | 5.0 | 7.0 | 4.0 | 2.0 | 5.0 | 9.0 | 5.0 | 5.0 | 5.15 |
| 59 | 42 | Faisal Islamic Bank | Egypt | 1.0 | 3.0 | 6.0 | 2.0 | 5.0 | 6.0 | 10.0 | 8.0 | 6.0 | 4.0 | 10.0 | 10.0 | 1.0 | 1.0 | 5.13 |
| 59 | 88 | MCB Islamic Bank | Pakistan | 0.0 | 1.0 | 8.0 | 8.0 | 10.0 | 10.0 | 4.0 | 3.0 | 2.0 | 6.0 | 3.0 | 8.0 | 7.0 | 7.0 | 5.13 |
| 61 | 57 | Khaleeji Bank | Bahrain | 0.0 | 2.0 | 5.0 | 6.0 | 9.0 | 1.0 | 5.0 | 6.0 | 3.0 | 2.0 | 10.0 | 5.0 | 7.0 | 6.0 | 5.10 |
| 62 | 24 | Islami Bank Bangladesh | Bangladesh | 2.0 | 8.0 | 3.0 | 9.0 | 6.0 | 6.0 | 2.0 | 4.0 | 8.0 | 4.0 | 10.0 | 2.0 | 1.0 | 6.0 | 5.08 |
| 63 | 59 | Safwa Islamic Bank | Jordan | 0.0 | 8.0 | 6.0 | 10.0 | 4.0 | 3.0 | 3.0 | 7.0 | 3.0 | 6.0 | 10.0 | 4.0 | 9.0 | 1.0 | 5.05 |
| 64 | 64 | Al Rajhi Bank | Malaysia | 0.0 | 9.0 | 10.0 | 9.0 | 5.0 | 10.0 | 1.0 | 0.0 | 3.0 | 10.0 | 10.0 | 4.0 | 1.0 | 1.0 | 4.93 |
| 65 | 49 | Al-Arafah Islami Bank | Bangladesh | 1.0 | 7.0 | 6.0 | 8.0 | 7.0 | 3.0 | 2.0 | 6.0 | 10.0 | 2.0 | 7.0 | 2.0 | 6.0 | 6.0 | 4.88 |
| 66 | 77 | Kuwait Finance House | Malaysia | 0.0 | 1.0 | 1.0 | 9.0 | 10.0 | 0.0 | 5.0 | 4.0 | 3.0 | 2.0 | 10.0 | 10.0 | 1.0 | 1.0 | 4.80 |
| 66 | 87 | Iraqi Islamic Bank | Iraq | 0.0 | 10.0 | 10.0 | 8.0 | 10.0 | 10.0 | 9.0 | 6.0 | 3.0 | 1.0 | 1.0 | 10.0 | 1.0 | 6.0 | 4.80 |
| 68 | 66 | Alizz Islamic Bank | Oman | 0.0 | 6.0 | 4.0 | 8.0 | 7.0 | 9.0 | 3.0 | 2.0 | 6.0 | 3.0 | 9.0 | 2.0 | 6.0 | 6.0 | 4.73 |
| 69 | 43 | Ithmaar Bank | Bahrain | 1.0 | 1.0 | 1.0 | 8.0 | 6.0 | 10.0 | 1.0 | 2.0 | 5.0 | 1.0 | 10.0 | 8.0 | 6.0 | 7.0 | 4.63 |
| 69 | 47 | EXIM Bank | Bangladesh | 1.0 | 3.0 | 4.0 | 6.0 | 6.0 | 4.0 | 3.0 | 5.0 | 9.0 | 4.0 | 7.0 | 1.0 | 6.0 | 6.0 | 4.63 |
| 69 | 94 | Al Baraka Bank | Syria | 0.0 | 10.0 | 9.0 | 3.0 | 5.0 | 0.0 | 10.0 | 10.0 | 3.0 | 0.0 | 10.0 | 10.0 | 1.0 | 1.0 | 4.63 |
| 72 | 55 | Bank Muamalat | Indonesia | 0.0 | 3.0 | 3.0 | 5.0 | 10.0 | 10.0 | 1.0 | 0.0 | 5.0 | 5.0 | 10.0 | 3.0 | 1.0 | 1.0 | 4.58 |
| 72 | 65 | Al Rayan Bank | United Kingdom | 0.0 | 2.0 | 4.0 | 9.0 | 8.0 | 10.0 | 3.0 | 3.0 | 1.0 | 7.0 | 1.0 | 4.0 | 10.0 | 8.0 | 4.58 |
| 74 | 61 | Bahrain Islamic Bank | Bahrain | 0.0 | 3.0 | 2.0 | 8.0 | 9.0 | 0.0 | 4.0 | 4.0 | 8.0 | 2.0 | 6.0 | 2.0 | 7.0 | 6.0 | 4.53 |
| 74 | 76 | Arab Islamic Bank | Palestine | 0.0 | 2.0 | 2.0 | 9.0 | 7.0 | 6.0 | 3.0 | 4.0 | 5.0 | 3.0 | 4.0 | 7.0 | 9.0 | 8.0 | 4.53 |
| 76 | 60 | Al Hilal Bank | UAE | 0.0 | 2.0 | 1.0 | 8.0 | 8.0 | 0.0 | 1.0 | 0.0 | 5.0 | 7.0 | 10.0 | 6.0 | 1.0 | 1.0 | 4.50 |
| 76 | 85 | AlBaraka Bank | Pakistan | 0.0 | 1.0 | 2.0 | 7.0 | 7.0 | 6.0 | 3.0 | 3.0 | 4.0 | 0.0 | 8.0 | 10.0 | 8.0 | 8.0 | 4.50 |
| 76 | 89 | Jaiz Bank | Nigeria | 0.0 | 8.0 | 9.0 | 6.0 | 9.0 | 7.0 | 10.0 | 3.0 | 9.0 | 1.0 | 4.0 | 7.0 | 1.0 | 1.0 | 4.50 |
| 79 | 54 | OCBC Al-Amin Bank | Malaysia | 0.0 | 3.0 | 1.0 | 7.0 | 10.0 | 4.0 | 5.0 | 9.0 | 4.0 | 2.0 | 5.0 | 6.0 | 1.0 | 1.0 | 4.45 |
| 80 | 79 | Palestine Islamic Bank | Palestine | 0.0 | 2.0 | 2.0 | 9.0 | 7.0 | 1.0 | 4.0 | 3.0 | 5.0 | 2.0 | 6.0 | 7.0 | 6.0 | 8.0 | 4.35 |
| 81 | 68 | Union Bank | Bangladesh | 0.0 | 6.0 | 4.0 | 3.0 | 5.0 | 4.0 | 3.0 | 7.0 | 4.0 | 4.0 | 7.0 | 1.0 | 9.0 | 6.0 | 4.30 |
| 82 | 96 | Albaraka Bank | South Africa | 0.0 | 8.0 | 2.0 | 8.0 | 8.0 | 10.0 | 3.0 | 0.0 | 4.0 | 5.0 | 2.0 | 3.0 | 10.0 | 6.0 | 4.28 |
| 83 | 29 | MBSB Bank | Malaysia | 1.0 | 4.0 | 6.0 | 5.0 | 5.0 | 2.0 | 4.0 | 7.0 | 0.0 | 2.0 | 6.0 | 7.0 | 8.0 | 6.0 | 4.23 |
| 83 | 67 | Bank of Khartoum | Sudan | 0.0 | 10.0 | 10.0 | 3.0 | 4.5 | 9.0 | 10.0 | 7.0 | 9.0 | 1.0 | 1.0 | 10.0 | 8.0 | 1.0 | 4.23 |
| 85 | 45 | Ajman Bank | UAE | 1.0 | 1.0 | 4.0 | 9.0 | 7.0 | 0.0 | 3.0 | 6.0 | 9.0 | 2.0 | 5.0 | 7.0 | 1.0 | 1.0 | 4.15 |
| 86 | 4 | Bank Pasargad * | Iran | 7.0 | 10.0 | 10.0 | 9.0 | 2.0 | 3.0 | 10.0 | 6.0 | 3.0 | 1.0 | 1.0 | 6.0 | 1.0 | 1.0 | 4.13 |
| 87 | 53 | Social Islami Bank | Bangladesh | 0.0 | 5.0 | 2.0 | 8.0 | 5.0 | 1.0 | 3.0 | 3.0 | 10.0 | 3.0 | 8.0 | 2.0 | 1.0 | 6.0 | 4.05 |
| 88 | 74 | Al Salam Bank | Algeria | 0.0 | 6.0 | 3.0 | 6.0 | 1.0 | 5.0 | 8.0 | 9.0 | 3.0 | 4.0 | 8.0 | 7.0 | 1.0 | 1.0 | 3.98 |
| 88 | 83 | SIIB | Syria | 0.0 | 5.0 | 4.0 | 10.0 | 3.5 | 0.0 | 5.0 | 10.0 | 10.0 | 0.0 | 5.0 | 10.0 | 1.0 | 1.0 | 3.98 |
| 88 | 98 | Maldives Islamic Bank | Maldives | 0.0 | 7.0 | 7.0 | 7.0 | 4.5 | 7.0 | 10.0 | 6.0 | 6.0 | 2.0 | 5.0 | 4.0 | 1.0 | 1.0 | 3.98 |
| 91 | 44 | First Security Islami Bank | Bangladesh | 1.0 | 6.0 | 3.0 | 7.0 | 6.0 | 0.0 | 2.0 | 4.0 | 4.0 | 3.0 | 7.0 | 1.0 | 1.0 | 6.0 | 3.88 |
| 91 | 72 | Standard Chartered Saadiq | Malaysia | 0.0 | 9.0 | 4.0 | 1.0 | 5.0 | 7.0 | 4.0 | 3.0 | 8.0 | 3.0 | 5.0 | 9.0 | 5.0 | 1.0 | 3.88 |
| 93 | 36 | BIBD | Brunei | 1.0 | 3.0 | 6.0 | 6.0 | 4.5 | 2.0 | 7.0 | 6.0 | 3.0 | 4.0 | 3.0 | 10.0 | 1.0 | 1.0 | 3.83 |
| 94 | 80 | Global Islami Bank | Bangladesh | 0.0 | 5.0 | 3.0 | 7.0 | 8.0 | 2.0 | 3.0 | 5.0 | 3.0 | 3.0 | 4.0 | 2.0 | 1.0 | 6.0 | 3.80 |
| 95 | 97 | Bank KB Bukopin Syariah | Indonesia | 0.0 | 9.0 | 8.0 | 9.0 | *10.0 | 1.0 | 1.0 | 1.0 | 1.0 | *1.0 | *6.0 | 3.0 | 1.0 | 1.0 | 3.70 |
| 96 | 93 | Bank BJB Syariah? | Indonesia | 0.0 | 7.0 | 7.0 | 9.0 | 5.0 | 0.0 | 4.0 | 0.0 | 2.0 | 4.0 | 7.0 | 5.0 | 1.0 | 1.0 | 3.58 |
| 97 | 2 | Tejarat Bank * | Iran | 8.0 | 10.0 | 10.0 | 8.0 | 0.5 | 0.0 | 4.0 | 3.0 | 9.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 3.45 |
| 98 | 90 | KT Bank | Germany | 0.0 | 2.0 | 1.0 | 6.0 | 8.0 | 10.0 | 1.0 | 0.0 | 7.0 | 1.0 | 1.0 | 5.0 | 7.0 | 6.0 | 3.38 |
| 99 | 70 | Standard Bank | Bangladesh | 0.0 | 3.0 | 3.0 | 6.0 | 6.0 | 0.0 | 2.0 | 1.0 | 9.0 | 1.0 | 3.0 | 1.0 | 6.0 | 6.0 | 3.13 |
| 100 | 69 | Islamic Bank of Thailand | Thailand | 0.0 | 5.0 | 4.0 | 9.0 | 0.0 | 10.0 | 2.0 | 1.0 | 4.0 | 0.0 | 7.0 | 2.0 | 1.0 | 1.0 | 2.38 |
Notes:
Source: TABInsights
World's strongest Islamic banks in 2022
The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength. It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.
In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank retained the strongest Islamic bank ranking in the world. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity. Al Rajhi Bank excelled in all areas excluding liquidity.
Saudi Arabian and Turkish Islamic banks attained the highest average strength scores. Islamic banks in both countries registered strong balance sheet growth and remained well capitalised. Saudi Arabian Islamic banks demonstrated good asset quality and profitability, while Turkish Islamic banks recorded stronger liquidity. The strength score of the Asian Islamic banks averaged 2.8 out of five, lower than the average for all the 100 Islamic banks, at 2.99. Overall, these banks performed well in asset quality and capitalisation. Bank Mega Syariah, Maybank Islamic and Meezan Bank are the top three strongest Islamic banks in Asia. All these three maintained strong capital positions and reported asset quality improvement.
| Assets | Financing | Deposits | FDR | CAR | Profit | ROA | Costs | Fees | Reserves | NPF | Liquidity | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Strength Rank 2022 | Largest Islamic Banks 2022 | Bank | Country | Score (17.5%) | Score (2.5%) | Score (2.5%) | Score (7.5%) | Score (12.5%) | Score (5.0%) | Score (7.5%) | Score (7.5%) | Score (7.5%) | Score (12.5%) | Score (12.5%) | Score (5.0%) | Aggregate Strength Score 2022 |
| 1 | 1 | Al Rajhi Bank | Saudi Arabia | 4.5 | 4.5 | 4.5 | 2.0 | 4.0 | 3.5 | 5.0 | 5.0 | 2.5 | 5.0 | 4.5 | 3.0 | 4.11 |
| 2 | 19 | Kuveyt Turk Katilim Bankasi | Turkey | 1.5 | 5.0 | 5.0 | 5.0 | 5.0 | 5.0 | 5.0 | 4.5 | 4.0 | 5.0 | 3.5 | 5.0 | 4.09 |
| 3 | 39 | Vakif Katilim Bankasi | Turkey | 0.5 | 5.0 | 5.0 | 3.0 | 4.5 | 5.0 | 5.0 | 5.0 | 4.0 | 5.0 | 3.5 | 4.5 | 3.71 |
| 4 | 5 | Kuwait Finance House | Kuwait | 3.0 | 1.5 | 1.5 | 3.5 | 4.5 | 0.5 | 4.5 | 4.5 | 3.0 | 5.0 | 3.5 | 4.5 | 3.64 |
| 5 | 87 | Bank Mega Syariah | Indonesia | 0.0 | 4.5 | 4.5 | 4.5 | 5.0 | 5.0 | 5.0 | 5.0 | 4.0 | 3.0 | 4.0 | 4.0 | 3.56 |
| 6 | 7 | Qatar Islamic Bank | Qatar | 3.0 | 2.0 | 2.5 | 1.0 | 4.5 | 1.5 | 5.0 | 5.0 | 4.0 | 5.0 | 3.5 | 1.5 | 3.54 |
| 7 | 6 | Maybank Islamic | Malaysia | 3.0 | 0.5 | 2.0 | 1.5 | 5.0 | 4.0 | 3.5 | 5.0 | 0.5 | 5.0 | 4.5 | 2.0 | 3.49 |
| 8 | 32 | Meezan Bank | Pakistan | 0.5 | 4.5 | 3.5 | 5.0 | 4.5 | 1.0 | 5.0 | 4.0 | 2.0 | 5.0 | 3.5 | 5.0 | 3.41 |
| 9 | 9 | Alinma Bank | Saudi Arabia | 2.5 | 3.5 | 1.0 | 0.5 | 5.0 | 2.0 | 5.0 | 4.5 | 2.5 | 5.0 | 3.5 | 2.0 | 3.38 |
| 10 | 8 | Masraf Al Rayan | Qatar | 2.5 | 4.5 | 4.5 | 0.0 | 5.0 | 1.5 | 4.0 | 5.0 | 4.0 | 4.0 | 3.5 | 1.5 | 3.35 |
| 11 | 51 | Kuwait Finance House | Bahrain | 0.0 | 1.5 | 2.5 | 4.5 | 5.0 | 4.5 | 4.0 | 3.5 | 3.5 | 5.0 | 4.0 | 2.0 | 3.34 |
| 12 | 95 | Jaiz Bank | Nigeria | 0.0 | 5.0 | 3.5 | 5.0 | 5.0 | 3.5 | 5.0 | 2.0 | 5.0 | 4.5 | 2.5 | 3.5 | 3.34 |
| 13 | 93 | Bank BCA Syariah | Indonesia | 0.0 | 3.0 | 2.5 | 3.5 | 5.0 | 5.0 | 2.0 | 4.0 | 1.5 | 5.0 | 4.0 | 5.0 | 3.21 |
| 14 | 16 | Bank AlJazira | Saudi Arabia | 1.5 | 3.5 | 3.0 | 3.0 | 5.0 | 1.5 | 3.0 | 3.5 | 3.0 | 5.0 | 3.5 | 1.5 | 3.20 |
| 15 | 65 | Turkiye Emlak Katilim Bankasi | Turkey | 0.0 | 5.0 | 5.0 | 2.5 | 5.0 | 4.5 | 1.5 | 2.0 | 3.5 | 5.0 | 4.5 | 4.0 | 3.20 |
| 16 | 37 | Albaraka Turk Katilim Bankasi | Turkey | 0.5 | 4.5 | 5.0 | 4.5 | 3.5 | 5.0 | 3.5 | 3.5 | 4.5 | 4.0 | 2.0 | 4.5 | 3.19 |
| 17 | 25 | QIIB | Qatar | 1.0 | 0.5 | 1.5 | 1.0 | 4.0 | 1.0 | 5.0 | 5.0 | 4.0 | 5.0 | 3.5 | 4.0 | 3.16 |
| 18 | 85 | SIIB | Syria | 0.0 | 5.0 | 5.0 | 2.5 | 1.8 | 5.0 | 5.0 | 5.0 | 5.0 | 5.0 | 2.0 | 5.0 | 3.16 |
| 19 | 13 | Bank Albilad | Saudi Arabia | 1.5 | 4.0 | 3.0 | 0.5 | 4.5 | 1.5 | 4.5 | 3.5 | 2.5 | 5.0 | 4.0 | 2.5 | 3.15 |
| 20 | 56 | Arabi Islami | Jordan | 0.0 | 2.5 | 2.5 | 3.5 | 5.0 | 1.0 | 4.0 | 4.0 | 2.0 | 5.0 | 4.0 | 4.0 | 3.14 |
| 21 | 35 | Turkiye Finans Katilim Bankasi | Turkey | 0.5 | 4.0 | 4.5 | 4.0 | 4.5 | 1.0 | 3.0 | 3.5 | 3.5 | 5.0 | 2.5 | 4.5 | 3.13 |
| 22 | 40 | Jordan Islamic Bank | Jordan | 0.5 | 2.5 | 2.5 | 2.5 | 5.0 | 1.5 | 3.5 | 4.0 | 3.0 | 5.0 | 3.5 | 3.5 | 3.13 |
| 23 | 12 | CIMB Islamic Bank | Malaysia | 1.5 | 2.0 | 2.0 | 2.5 | 4.5 | 1.5 | 2.0 | 4.0 | 1.5 | 5.0 | 4.5 | 3.0 | 3.09 |
| 24 | 11 | Dukhan Bank | Qatar | 2.0 | 4.0 | 4.5 | 1.0 | 4.5 | 0.5 | 3.5 | 5.0 | 4.0 | 4.0 | 2.5 | 2.0 | 3.08 |
| 25 | 31 | Warba Bank | Kuwait | 0.5 | 1.0 | 0.5 | 0.0 | 5.0 | 4.5 | 1.0 | 5.0 | 4.5 | 5.0 | 4.0 | 3.5 | 3.06 |
| 26 | 82 | Bank BTPN Syariah | Indonesia | 0.0 | 3.0 | 2.5 | 2.0 | 5.0 | 3.5 | 5.0 | 4.5 | 0.5 | 5.0 | 3.5 | 3.0 | 3.05 |
| 27 | 4 | Dubai Islamic Bank | UAE | 3.5 | 0.5 | 1.0 | 1.5 | 4.0 | 0.5 | 4.5 | 5.0 | 3.0 | 3.5 | 2.0 | 2.0 | 3.01 |
| 28 | 27 | Sharjah Islamic Bank | UAE | 0.5 | 1.0 | 3.0 | 3.0 | 5.0 | 1.5 | 2.5 | 4.0 | 4.0 | 4.5 | 2.5 | 4.0 | 2.98 |
| 29 | 22 | Bank Syariah Indonesia | Indonesia | 1.0 | 2.5 | 2.5 | 3.5 | 5.0 | 1.5 | 4.0 | 2.5 | 1.5 | 5.0 | 3.0 | 2.0 | 2.96 |
| 30 | 41 | Ziraat Katilim Bankasi | Turkey | 0.5 | 4.5 | 5.0 | 1.5 | 3.5 | 0.0 | 2.0 | 5.0 | 4.0 | 5.0 | 3.5 | 4.0 | 2.96 |
| 31 | 42 | Al Salam Bank | Bahrain | 0.5 | 1.5 | 4.5 | 4.5 | 5.0 | 0.5 | 2.0 | 3.0 | 1.5 | 5.0 | 3.5 | 3.5 | 2.95 |
| 32 | 74 | Bank Aceh Syariah | Indonesia | 0.0 | 2.0 | 2.5 | 4.0 | 5.0 | 2.0 | 4.5 | 1.0 | 1.0 | 5.0 | 4.0 | 4.0 | 2.95 |
| 33 | 17 | Boubyan Bank | Kuwait | 1.5 | 3.5 | 2.0 | 1.0 | 4.0 | 1.5 | 1.5 | 3.5 | 2.0 | 5.0 | 4.5 | 3.5 | 2.94 |
| 34 | 18 | RHB Islamic Bank | Malaysia | 1.5 | 2.5 | 3.5 | 0.5 | 2.5 | 4.0 | 2.0 | 5.0 | 1.5 | 5.0 | 4.5 | 2.5 | 2.91 |
| 35 | 84 | International Development Bank | Iraq | 0.0 | 4.5 | 5.0 | 5.0 | 2.5* | 0.0 | 5.0* | 4.0* | 4.0* | 3.5* | 2.5* | 5.0* | 2.90 |
| 36 | 50 | Al Baraka Bank | Egypt | 0.5 | 2.0 | 2.0 | 5.0 | 2.5 | 0.0 | 4.5 | 5.0 | 1.5 | 5.0 | 2.5 | 5.0 | 2.89 |
| 37 | 99 | Al Baraka Bank | Syria | 0.0 | 5.0 | 5.0 | 5.0 | 2.5 | 5.0 | 5.0 | 5.0 | 1.0 | 5.0 | 0.0 | 5.0 | 2.89 |
| 38 | 33 | Hong Leong Islamic Bank | Malaysia | 0.5 | 2.0 | 2.5 | 2.0 | 3.5 | 1.5 | 2.5 | 5.0 | 1.0 | 5.0 | 5.0 | 2.0 | 2.85 |
| 39 | 14 | Al Baraka Group | Bahrain | 1.5 | 1.0 | 1.0 | 4.0 | 3.5 | 0.0 | 1.5 | 3.0 | 5.0 | 5.0 | 2.0 | 4.0 | 2.84 |
| 40 | 24 | Emirates Islamic Bank | UAE | 1.0 | 1.5 | 1.0 | 1.5 | 4.5 | 2.5 | 4.0 | 3.5 | 3.0 | 5.0 | 1.5 | 4.0 | 2.84 |
| 41 | 48 | Abu Dhabi Islamic Bank | Egypt | 0.5 | 3.0 | 4.0 | 5.0 | 1.5 | 1.0 | 5.0 | 4.5 | 1.0 | 5.0 | 3.0 | 3.5 | 2.84 |
| 42 | 10 | Abu Dhabi Islamic Bank | UAE | 2.0 | 1.5 | 1.5 | 2.5 | 4.5 | 1.0 | 5.0 | 4.0 | 3.0 | 2.5 | 1.5 | 3.5 | 2.80 |
| 43 | 20 | Bank Islam | Malaysia | 1.0 | 1.5 | 1.5 | 2.0 | 4.5 | 0.0 | 2.0 | 2.5 | 1.5 | 5.0 | 4.5 | 3.5 | 2.78 |
| 44 | 59 | Bank Nizwa | Oman | 0.0 | 3.0 | 4.0 | 0.5 | 4.5 | 1.0 | 2.5 | 3.0 | 3.0 | 5.0 | 4.0 | 3.5 | 2.76 |
| 45 | 23 | Public Islamic Bank | Malaysia | 1.0 | 2.5 | 1.5 | 2.0 | 1.8 | 2.5 | 2.0 | 5.0 | 1.5 | 5.0 | 5.0 | 2.0 | 2.76 |
| 46 | 55 | Bank Muamalat | Indonesia | 0.0 | 0.5 | 3.0 | 5.0 | 5.0 | 0.0 | 0.5 | 0.0 | 4.5 | 5.0 | 4.5 | 2.0 | 2.75 |
| 47 | 60 | Alliance Islamic Bank | Malaysia | 0.0 | 2.0 | 1.0 | 2.0 | 4.5 | 1.5 | 2.0 | 5.0 | 1.5 | 5.0 | 3.5 | 3.5 | 2.74 |
| 48 | 44 | Bank Muamalat | Malaysia | 0.5 | 3.5 | 2.0 | 2.0 | 4.0 | 2.5 | 1.5 | 2.0 | 1.0 | 5.0 | 4.5 | 3.5 | 2.70 |
| 49 | 21 | IBBL | Bangladesh | 1.0 | 3.5 | 3.5 | 2.5 | 3.0 | 1.5 | 1.0 | 2.0 | 4.0 | 5.0 | 3.0 | 3.5 | 2.69 |
| 50 | 62 | Safwa Islamic Bank | Jordan | 0.0 | 4.0 | 4.5 | 3.0 | 2.3 | 2.5 | 1.5 | 4.0 | 2.5 | 5.0 | 3.5 | 3.5 | 2.68 |
| 51 | 15 | Bank Rakyat | Malaysia | 1.5 | 1.0 | 1.0 | 2.0 | 2.5 | 0.0 | 3.5 | 4.5 | 0.5 | 5.0 | 3.5 | 3.5 | 2.65 |
| 52 | 26 | Ahli United Bank | Kuwait | 1.0 | 2.0 | 1.0 | 0.0 | 4.5 | 0.0 | 2.0 | 4.0 | 2.0 | 5.0 | 3.5 | 3.0 | 2.63 |
| 53 | 86 | Bank Panin Dubai Syariah | Indonesia | 0.0 | 1.0 | 0.5 | 0.0 | 5.0 | 5.0 | 0.0 | 3.0 | 1.0 | 5.0 | 4.5 | 4.0 | 2.60 |
| 54 | 76 | Kuwait Finance House | Malaysia | 0.0 | 0.5 | 0.5 | 1.5 | 5.0 | 5.0 | 2.5 | 3.0 | 0.5 | 5.0 | 2.0 | 5.0 | 2.59 |
| 55 | 54 | OCBC Al-Amin Bank | Malaysia | 0.0 | 2.5 | 3.0 | 1.0 | 5.0 | 1.5 | 1.5 | 4.5 | 2.5 | 4.0 | 2.5 | 4.0 | 2.56 |
| 56 | 29 | AmBank Islamic | Malaysia | 0.5 | 3.0 | 0.5 | 0.5 | 4.0 | 2.0 | 1.0 | 5.0 | 1.0 | 5.0 | 3.5 | 3.0 | 2.55 |
| 57 | 38 | BIBD | Brunei | 0.5 | 1.5 | 4.0 | 5.0 | 2.5 | 0.0 | 4.5 | 3.5 | 2.0 | 2.0 | 3.0 | 5.0 | 2.54 |
| 58 | 63 | Khaleeji Commercial Bank | Bahrain | 0.0 | 1.5 | 0.5 | 5.0 | 4.5 | 3.0 | 3.0 | 4.0 | 2.0 | 3.0 | 1.5 | 2.5 | 2.50 |
| 59 | 34 | Kuwait International Bank | Kuwait | 0.5 | 3.5 | 4.0 | 0.0 | 4.5 | 0.0 | 1.0 | 1.5 | 3.0 | 5.0 | 3.5 | 3.5 | 2.49 |
| 60 | 73 | Dubai Islamic Bank | Pakistan | 0.0 | 3.0 | 2.0 | 1.0 | 3.5 | 0.5 | 2.5 | 3.0 | 2.5 | 5.0 | 3.0 | 4.0 | 2.46 |
| 61 | 92 | Bank NTB Syariah | Indonesia | 0.0 | 3.5 | 2.0 | 1.5 | 5.0 | 1.5 | 4.0 | 1.5 | 1.5 | 2.5 | 4.0 | 3.0 | 2.44 |
| 62 | 71 | Al Rajhi Bank | Malaysia | 0.0 | 4.0 | 4.0 | 1.5 | 2.3 | 5.0 | 0.5 | 0.0 | 2.5 | 5.0 | 4.5 | 3.5 | 2.43 |
| 63 | 57 | Al Hilal Bank | UAE | 0.0 | 0.5 | 0.5 | 1.5 | 4.5 | 5.0 | 1.0 | 0.0 | 1.5 | 5.0 | 3.5 | 4.5 | 2.43 |
| 64 | 58 | Shahjalal Islami Bank | Bangladesh | 0.0 | 2.5 | 0.5 | 0.5 | 3.5 | 4.5 | 2.0 | 3.5 | 4.5 | 3.5 | 2.5 | 2.0 | 2.38 |
| 65 | 68 | Alizz Islamic Bank | Oman | 0.0 | 3.0 | 3.5 | 1.5 | 3.5 | 5.0 | 1.0 | 1.0 | 3.0 | 5.0 | 2.5 | 2.0 | 2.38 |
| 66 | 43 | Affin Islamic Bank | Malaysia | 0.5 | 3.5 | 3.5 | 0.5 | 4.5 | 2.5 | 2.0 | 3.5 | 1.5 | 2.5 | 3.5 | 1.5 | 2.34 |
| 67 | 30 | MBSB Bank | Malaysia | 0.5 | 1.0 | 3.0 | 0.0 | 2.5 | 0.0 | 2.5 | 5.0 | 0.5 | 5.0 | 3.0 | 4.0 | 2.30 |
| 68 | 69 | BankIslami | Pakistan | 0.0 | 4.5 | 4.0 | 5.0 | 3.5 | 0.0 | 1.5 | 1.0 | 2.0 | 4.0 | 1.5 | 5.0 | 2.30 |
| 69 | 79 | Palestine Islamic Bank | Palestine | 0.0 | 1.0 | 2.5 | 4.0 | 3.5 | 2.5 | 2.0 | 2.5 | 3.0 | 2.5 | 2.0 | 4.5 | 2.30 |
| 70 | 78 | Al Salam Bank | Algeria | 0.0 | 4.5 | 4.5 | 0.5 | 0.0 | 2.5 | 5.0 | 4.5 | 1.5 | 4.0 | 3.0 | 4.0 | 2.29 |
| 71 | 49 | Al-Arafah Islami Bank | Bangladesh | 0.5 | 2.0 | 1.5 | 1.5 | 3.5 | 1.5 | 1.0 | 3.5 | 3.0 | 4.0 | 2.5 | 2.0 | 2.28 |
| 72 | 77 | Arab Islamic Bank | Palestine | 0.0 | 2.0 | 2.0 | 3.0 | 1.5 | 5.0 | 2.0 | 2.5 | 2.5 | 2.5 | 3.5 | 4.5 | 2.26 |
| 73 | 61 | Bahrain Islamic Bank | Bahrain | 0.0 | 2.5 | 1.0 | 1.5 | 4.5 | 3.5 | 1.0 | 3.0 | 4.5 | 2.5 | 2.0 | 2.0 | 2.24 |
| 74 | 3 | Bank Pasargad | Iran | 3.5 | 5.0 | 4.5 | 3.0 | 1.0 | 1.5 | 5.0 | 3.5 | 1.5 | 0.0 | 0.0 | 4.0 | 2.23 |
| 75 | 80 | Global Islam Bank | Bangladesh | 0.0 | 3.5 | 3.0 | 1.0 | 2.0 | 4.5 | 3.0 | 3.5 | 1.0 | 3.5 | 3.5 | 1.5 | 2.23 |
| 76 | 88 | Omdurman National Bank | Sudan | 0.0 | 5.0 | 5.0 | 5.0 | 0.0 | 5.0 | 5.0 | 4.5 | 5.0 | 0.0 | 0.0 | 5.0 | 2.21 |
| 77 | 72 | Bank of Khartoum | Sudan | 0.0 | 5.0 | 5.0 | 5.0 | 1.3 | 5.0 | 5.0 | 4.5 | 2.5 | 0.0 | 0.0 | 5.0 | 2.18 |
| 78 | 36 | Faisal Islamic Bank | Egypt | 0.5 | 4.0 | 3.0 | 5.0 | 2.5 | 3.0 | 5.0 | 4.0 | 1.0 | 0.0 | 0.0 | 5.0 | 2.10 |
| 79 | 46 | EXIM Bank | Bangladesh | 0.5 | 2.5 | 1.5 | 0.0 | 3.5 | 0.0 | 1.0 | 3.0 | 4.0 | 3.5 | 2.5 | 2.0 | 2.08 |
| 80 | 64 | Al Rayan Bank | United Kingdom | 0.0 | 1.5 | 1.0 | 1.5 | 4.0* | 5.0 | 1.0 | 0.5 | 0.5 | 2.0 | 5.0 | 2.5 | 2.08 |
| 81 | 83 | AlBaraka Bank | Pakistan | 0.0 | 2.0 | 2.0 | 5.0 | 3.0 | 0.5 | 1.0 | 1.5 | 2.5 | 3.5 | 1.0 | 5.0 | 2.06 |
| 82 | 98 | Amana Bank | Sri Lanka | 0.0 | 4.0 | 3.0 | 3.0 | 3.5 | 4.5 | 2.0 | 2.0 | 1.5 | 0.0 | 3.0 | 4.0 | 2.05 |
| 83 | 45 | First Security Islami Bank | Bangladesh | 0.5 | 2.5 | 2.0 | 1.5 | 3.0 | 2.5 | 1.5 | 3.0 | 1.5 | 3.0 | 2.5 | 1.5 | 2.03 |
| 84 | 2 | Tejarat Bank | Iran | 4.0 | 5.0 | 4.5 | 4.5 | 0.3 | 0.0 | 2.0 | 2.0 | 4.5 | 0.0 | 0.0 | 1.5 | 2.02 |
| 85 | 47 | Ajman Bank | UAE | 0.5 | 0.5 | 1.5 | 1.0 | 3.5 | 1.0 | 1.5 | 4.0 | 3.0 | 2.5 | 1.5 | 3.5 | 2.01 |
| 86 | 28 | Middle East Bank | Iran | 0.5 | 4.5 | 3.5 | 2.0 | 3.0 | 0.0 | 5.0 | 5.0 | 3.5 | 0.0 | 0.0 | 3.5 | 2.00 |
| 87 | 94 | Bank BJB Syariah | Indonesia | 0.0 | 3.0 | 3.5 | 3.0 | 2.5 | 5.0 | 0.5 | 1.0 | 1.0 | 2.5 | 3.0 | 3.5 | 2.00 |
| 88 | 53 | Social Islami Bank | Bangladesh | 0.0 | 1.5 | 3.0 | 2.0 | 2.5 | 1.0 | 1.0 | 2.5 | 3.0 | 4.0 | 2.0 | 2.0 | 1.96 |
| 89 | 81 | Gatehouse Bank | United Kingdom | 0.0 | 4.0 | 4.0 | 0.5 | 4.5 | 0.0 | 1.0 | 0.0 | 4.5 | 1.0 | 4.0 | 1.5 | 1.91 |
| 90 | 97 | Iraqi Islamic Bank | Iraq | 0.0 | 4.0 | 3.5 | 4.5 | 5.0 | 0.0 | 2.0 | 1.0 | 3.0 | 0.0 | 0.0 | 5.0 | 1.85 |
| 91 | 52 | HSBC Amanah | Malaysia | 0.0 | 0.5 | 1.5 | 0.5 | 4.5 | 0.0 | 0.5 | 3.5 | 2.5 | 2.0 | 1.5 | 4.5 | 1.80 |
| 92 | 66 | Union Bank | Bangladesh | 0.0 | 3.5 | 3.5 | 0.0 | 2.0 | 1.5 | 1.0 | 3.5 | 1.0 | 3.5 | 3.0 | 1.0 | 1.78 |
| 93 | 91 | Cihan Bank | Iraq | 0.0 | 0.5 | 4.0 | 5.0 | 2.5 | 0.0 | 1.5 | 2.0 | 2.0 | 2.5 | 0.0 | 5.0 | 1.78 |
| 94 | 90 | MCB Islamic Bank | Pakistan | 0.0 | 3.0 | 4.0 | 2.5 | 3.0 | 0.0 | 0.5 | 0.0 | 0.5 | 1.0 | 4.5 | 4.0 | 1.70 |
| 95 | 100 | Albaraka Bank | South Africa | 0.0 | 3.0 | 1.0 | 3.0 | 4.0 | 0.0 | 1.0 | 0.0 | 2.0 | 0.5 | 2.5 | 4.0 | 1.63 |
| 96 | 75 | Standard Chartered Saadiq | Malaysia | 0.0 | 1.0 | 0.5 | 0.0 | 2.5 | 0.0 | 0.0 | 1.5 | 3.0 | 2.5 | 2.0 | 5.0 | 1.50 |
| 97 | 67 | Standard Bank | Bangladesh | 0.0 | 1.0 | 0.5 | 0.0 | 3.0 | 0.0 | 1.0 | 1.0 | 3.0 | 2.5 | 2.0 | 1.5 | 1.43 |
| 98 | 70 | Islamic Bank of Thailand | Thailand | 0.0 | 1.0 | 0.5 | 4.0 | 0.0 | 5.0 | 1.0 | 0.5 | 2.0 | 3.5 | 0.0 | 2.0 | 1.39 |
| 99 | 89 | KT Bank | Germany | 0.0 | 4.0 | 4.0 | 1.0 | 2.0 | 5.0 | 0.0 | 0.0 | 3.0 | 0.0 | 0.0 | 4.0 | 1.20 |
| 100 | 96 | Summit Bank | Pakistan | 0.0 | 0.5 | 1.5 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4.0 | 0.0 | 4.0 | 1.13 |
Notes:
(1) 5 = Highest, 0 = Lowest.
(2) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.
Source: TABInsights
World's strongest Islamic banks in 2021
The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength. It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.
In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank remained on top of the ranking of the strongest Islamic banks. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The top ten strongest Islamic banks comprise three Saudi Arabian banks, three Qatari banks, two Turkish banks and one each from Kuwait and Pakistan. Meezan Bank, Bank Islam Malaysia and Maybank Islamic are the top three strongest Islamic banks in Asia.
Saudi Arabian and Qatari Islamic banks attained the highest average strength score. The average return on asset of Saudi Arabian and Qatari Islamic banks reached 1.91% and 1.52% respectively, compared with the global average of 1.05%. Saudi Arabian Islamic banks remained well capitalised, maintaining a 19.5% average capital adequacy ratio, while the average gross non-performing loan ratio and loan loss reserves to gross non-performing loans ratio stood at 1.3% and 251% respectively.
| Assets | Financing | Deposits | FDR | CAR | Profit | ROA | Costs | Fees | Reserves | NPF | Liquidity | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Strength Rank 2021 | Largest Islamic Banks 2021 | Bank | Country | Score (17.5%) | Score (2.5%) | Score (2.5%) | Score (7.5%) | Score (12.5%) | Score (5.0%) | Score (7.5%) | Score (7.5%) | Score (7.5%) | Score (12.5%) | Score (12.5%) | Score (5.0%) | Aggregate Strength Score 2021 |
| 1 | 1 | Al Rajhi Bank | Saudi Arabia | 5.0 | 4.5 | 4.0 | 2.5 | 5.0 | 1.0 | 5.0 | 5.0 | 2.0 | 5.0 | 4.5 | 4.0 | 4.24 |
| 2 | 5 | Qatar Islamic Bank | Qatar | 4.0 | 2.0 | 1.5 | 0.5 | 5.0 | 2.0 | 5.0 | 5.0 | 4.0 | 5.0 | 4.0 | 2.5 | 3.85 |
| 3 | 37 | Vakif Katilim Bankasi | Turkey | 1.0 | 5.0 | 5.0 | 3.5 | 5.0 | 5.0 | 4.5 | 5.0 | 3.0 | 5.0 | 3.5 | 5.0 | 3.81 |
| 4 | 3 | Kuwait Finance House | Kuwait | 4.5 | 3.0 | 3.0 | 3.5 | 4.5 | 0.0 | 2.0 | 4.5 | 2.5 | 5.0 | 3.5 | 5.0 | 3.75 |
| 5 | 8 | Masraf Al Rayan | Qatar | 3.5 | 3.5 | 1.5 | 0.0 | 5.0 | 1.5 | 5.0 | 5.0 | 4.5 | 4.5 | 4.0 | 2.5 | 3.71 |
| 5 | 16 | Kuveyt Turk Katilim Bankasi | Turkey | 2.5 | 4.5 | 5.0 | 4.5 | 5.0 | 3.5 | 4.0 | 3.5 | 2.0 | 5.0 | 2.5 | 5.0 | 3.71 |
| 7 | 29 | Meezan Bank | Pakistan | 1.0 | 2.0 | 4.5 | 5.0 | 5.0 | 4.5 | 5.0 | 4.5 | 1.5 | 5.0 | 3.0 | 5.0 | 3.64 |
| 8 | 6 | Alinma Bank | Saudi Arabia | 4.0 | 4.0 | 3.5 | 1.5 | 5.0 | 0.5 | 4.0 | 4.5 | 2.0 | 5.0 | 3.5 | 2.5 | 3.63 |
| 9 | 21 | QIIB | Qatar | 2.0 | 2.5 | 3.5 | 0.0 | 4.5 | 2.5 | 4.5 | 5.0 | 4.0 | 5.0 | 4.0 | 4.0 | 3.53 |
| 10 | 12 | Bank AlBilad | Saudi Arabia | 3.0 | 4.0 | 2.0 | 1.0 | 4.5 | 1.5 | 4.5 | 3.5 | 2.5 | 5.0 | 4.0 | 3.5 | 3.48 |
| 11 | 2 | Dubai Islamic Bank | UAE | 4.5 | 4.5 | 4.5 | 1.0 | 5.0 | 0.0 | 3.5 | 5.0 | 3.0 | 3.5 | 2.0 | 3.0 | 3.41 |
| 12 | 10 | Al Baraka Banking Group | Bahrain | 3.0 | 2.0 | 2.0 | 4.5 | 4.0 | 4.5 | 1.5 | 3.5 | 5.0 | 4.0 | 2.0 | 4.0 | 3.39 |
| 13 | 19 | Bank Islam | Malaysia | 2.0 | 3.0 | 2.5 | 2.0 | 5.0 | 2.0 | 2.0 | 3.0 | 2.5 | 5.0 | 4.5 | 4.5 | 3.34 |
| 14 | 4 | Maybank Islamic | Malaysia | 4.5 | 2.5 | 1.5 | 0.0 | 5.0 | 1.0 | 1.5 | 4.5 | 1.0 | 5.0 | 4.0 | 2.0 | 3.31 |
| 15 | 28 | Turkiye Finans Katilim Bankasi | Turkey | 1.5 | 5.0 | 5.0 | 3.0 | 4.5 | 4.5 | 2.5 | 4.0 | 2.5 | 4.5 | 2.0 | 5.0 | 3.26 |
| 16 | 27 | Warba Bank | Kuwait | 1.5 | 3.0 | 4.5 | 0.0 | 4.5 | 4.5 | 0.5 | 5.0 | 4.5 | 5.0 | 3.5 | 4.0 | 3.25 |
| 17 | 17 | Boubyan Bank | Kuwait | 2.5 | 4.5 | 3.5 | 1.5 | 4.5 | 1.0 | 1.5 | 3.5 | 2.0 | 5.0 | 4.0 | 4.0 | 3.21 |
| 18 | 14 | Dukhan Bank | Qatar | 2.5 | 3.0 | 3.0 | 0.0 | 4.5 | 5.0 | 1.5 | 5.0 | 4.0 | 4.0 | 3.0 | 2.5 | 3.19 |
| 19 | 30 | Hong Leong Islamic Bank | Malaysia | 1.0 | 3.5 | 3.0 | 2.0 | 4.0 | 2.5 | 2.5 | 5.0 | 2.5 | 5.0 | 4.5 | 2.5 | 3.18 |
| 19 | 34 | Ziraat Katilim Bankasi | Turkey | 1.0 | 5.0 | 5.0 | 0.5 | 4.0 | 4.5 | 4.0 | 5.0 | 2.0 | 4.5 | 3.0 | 4.5 | 3.18 |
| 21 | 13 | Bank AlJazira | Saudi Arabia | 2.5 | 2.5 | 2.0 | 3.0 | 5.0 | 2.5 | 0.5 | 3.0 | 3.0 | 5.0 | 3.5 | 1.5 | 3.15 |
| 22 | 55 | Arabi Islami | Jordan | 0.5 | 3.0 | 2.5 | 5.0 | 5.0 | 0.0 | 4.0 | 3.5 | 1.5 | 5.0 | 3.0 | 4.5 | 3.13 |
| 23 | 46 | Al Baraka Bank | Egypt | 0.5 | 4.0 | 1.5 | 5.0 | 2.5 | 4.0 | 5.0 | 5.0 | 2.0 | 5.0 | 2.0 | 4.5 | 3.11 |
| 24 | 23 | Sharjah Islamic Bank | UAE | 1.5 | 4.0 | 4.0 | 2.0 | 5.0 | 0.5 | 2.0 | 3.5 | 5.0 | 4.0 | 2.5 | 4.5 | 3.09 |
| 25 | 39 | Bank Muamalat | Malaysia | 1.0 | 3.5 | 3.0 | 2.5 | 4.5 | 5.0 | 2.0 | 2.0 | 2.0 | 4.5 | 4.0 | 4.5 | 3.08 |
| 26 | 20 | Public Islamic Bank | Malaysia | 2.0 | 2.5 | 1.5 | 2.0 | 2.3 | 3.0 | 1.5 | 5.0 | 2.0 | 5.0 | 5.0 | 3.0 | 3.07 |
| 27 | 38 | Jordan Islamic Bank | Jordan | 1.0 | 3.5 | 2.0 | 2.5 | 5.0 | 0.5 | 3.5 | 3.5 | 2.5 | 5.0 | 3.0 | 3.5 | 3.04 |
| 28 | 78 | Bank Mega Syariah | Indonesia | 0.0 | 0.5 | 4.5 | 4.5 | 5.0 | 5.0 | 4.0 | 4.0 | 2.0 | 2.0 | 3.5 | 5.0 | 3.03 |
| 29 | 48 | Kuwait Finance House | Bahrain | 0.5 | 3.0 | 2.0 | 4.0 | 5.0 | 0.0 | 2.0 | 2.5 | 4.5 | 5.0 | 3.5 | 2.5 | 3.00 |
| 30 | 7 | Abu Dhabi Islamic Bank | UAE | 3.5 | 1.5 | 1.0 | 2.5 | 5.0 | 0.0 | 4.0 | 3.5 | 3.0 | 2.5 | 1.5 | 4.0 | 2.98 |
| 30 | 25 | AmBank Islamic | Malaysia | 1.5 | 3.0 | 4.0 | 2.5 | 4.5 | 1.0 | 0.5 | 4.5 | 1.0 | 5.0 | 3.5 | 4.5 | 2.98 |
| 30 | 60 | Turkiye Emlak Katilim Bankasi | Turkey | 0.0 | 5.0 | 5.0 | 0.0 | 5.0 | 5.0 | 1.5 | 2.5 | 3.0 | 5.0 | 4.0 | 4.0 | 2.98 |
| 33 | 9 | CIMB Islamic Bank | Malaysia | 3.0 | 2.5 | 2.5 | 2.0 | 4.5 | 2.5 | 1.0 | 4.0 | 1.5 | 3.0 | 3.5 | 3.5 | 2.96 |
| 34 | 31 | Albaraka Turk Katilim Bankasi | Turkey | 1.0 | 5.0 | 4.5 | 3.0 | 4.0 | 5.0 | 1.5 | 2.5 | 3.0 | 4.0 | 2.5 | 4.5 | 2.95 |
| 35 | 47 | Abu Dhabi Islamic Bank | Egypt | 0.5 | 4.5 | 4.0 | 4.5 | 1.8 | 0.0 | 5.0 | 4.5 | 1.5 | 5.0 | 3.5 | 4.0 | 2.94 |
| 36 | 11 | Bank Rakyat | Malaysia | 3.0 | 2.5 | 1.0 | 2.0 | 2.5 | 0.0 | 2.0 | 4.5 | 1.0 | 5.0 | 3.5 | 4.0 | 2.90 |
| 36 | 59 | Bank Nizwa | Oman | 0.5 | 2.5 | 3.5 | 3.5 | 3.5 | 3.0 | 3.0 | 3.0 | 4.5 | 3.5 | 3.5 | 3.0 | 2.90 |
| 36 | 65 | ABC Islamic Bank | Bahrain | 0.0 | 4.0 | 0.5 | 0.0 | 5.0 | 0.5 | 4.0 | 5.0 | 2.5 | 5.0 | 5.0 | 0.5 | 2.90 |
| 36 | 88 | Jaiz Bank | Nigeria | 0.0 | 4.5 | 4.5 | 5.0 | 5.0 | 5.0 | 4.5 | 2.0 | 4.5 | 2.5 | 0.5 | 4.5 | 2.90 |
| 40 | 77 | Bank BTPN Syariah | Indonesia | 0.0 | 1.5 | 1.5 | 2.0 | 5.0 | 0.0 | 5.0 | 4.0 | 0.5 | 5.0 | 3.5 | 5.0 | 2.88 |
| 41 | 15 | RHB Islamic Bank | Malaysia | 2.5 | 3.0 | 2.5 | 0.0 | 2.3 | 2.0 | 1.0 | 5.0 | 2.0 | 5.0 | 4.5 | 2.5 | 2.87 |
| 42 | 22 | IBBL | Bangladesh | 2.0 | 3.5 | 4.5 | 2.5 | 3.5 | 0.0 | 1.0 | 2.0 | 3.0 | 5.0 | 3.0 | 3.5 | 2.80 |
| 43 | 86 | Bank BCA Syariah | Indonesia | 0.0 | 1.0 | 2.5 | 3.5 | 5.0 | 3.5 | 2.0 | 3.0 | 1.0 | 5.0 | 4.5 | 0.0 | 2.79 |
| 44 | 24 | Ahli United Bank | Kuwait | 1.5 | 1.5 | 2.5 | 0.5 | 4.0 | 0.0 | 1.5 | 4.5 | 2.0 | 5.0 | 3.5 | 3.5 | 2.74 |
| 45 | 63 | Safwa Islamic Bank | Jordan | 0.0 | 4.0 | 3.5 | 5.0 | 2.5 | 2.0 | 1.5 | 3.0 | 2.0 | 5.0 | 3.5 | 4.0 | 2.73 |
| 46 | 72 | Bank Aceh Syariah | Indonesia | 0.0 | 2.0 | 1.0 | 4.0 | 5.0 | 0.0 | 4.0 | 1.0 | 1.0 | 5.0 | 3.5 | 4.0 | 2.71 |
| 47 | 56 | Alliance Islamic Bank | Malaysia | 0.5 | 1.5 | 1.5 | 2.0 | 5.0 | 1.5 | 0.5 | 4.5 | 1.0 | 5.0 | 3.0 | 4.5 | 2.69 |
| 48 | 91 | Amana Bank | Sri Lanka | 0.0 | 2.5 | 3.5 | 3.5 | 4.5 | 1.5 | 1.0 | 1.5 | 2.0 | 5.0 | 3.5 | 4.5 | 2.68 |
| 49 | 18 | Emirates Islamic Bank | UAE | 2.0 | 2.5 | 1.5 | 2.0 | 5.0 | 0.0 | 0.0 | 3.0 | 2.0 | 5.0 | 1.5 | 5.0 | 2.66 |
| 49 | 26 | MBSB Bank | Malaysia | 1.5 | 1.5 | 1.0 | 0.0 | 2.5 | 4.0 | 1.5 | 5.0 | 1.5 | 5.0 | 3.0 | 4.5 | 2.66 |
| 51 | 32 | Kuwait International Bank | Kuwait | 1.0 | 2.0 | 2.5 | 0.0 | 5.0 | 0.0 | 0.5 | 2.5 | 2.5 | 5.0 | 3.5 | 4.5 | 2.61 |
| 52 | 70 | Dubai Islamic Bank | Pakistan | 0.0 | 3.0 | 3.0 | 1.5 | 4.5 | 1.0 | 3.0 | 3.0 | 2.0 | 4.0 | 3.0 | 4.5 | 2.58 |
| 53 | 41 | Al Salam Bank | Bahrain | 1.0 | 4.0 | 4.0 | 2.5 | 5.0 | 2.0 | 1.0 | 3.0 | 1.0 | 3.0 | 2.5 | 3.5 | 2.53 |
| 54 | 61 | Khaleeji Commercial Bank | Bahrain | 0.0 | 0.5 | 1.0 | 5.0 | 5.0 | 5.0 | 2.0 | 3.5 | 2.5 | 2.5 | 1.0 | 3.0 | 2.48 |
| 54 | 76 | AlBaraka Bank | Pakistan | 0.0 | 4.0 | 4.0 | 4.5 | 3.5 | 5.0 | 1.0 | 1.5 | 2.5 | 3.5 | 1.5 | 5.0 | 2.48 |
| 56 | 36 | BIBD | Brunei | 1.0 | 1.5 | 0.5 | 5.0 | 2.5 | 0.0 | 4.0 | 4.0 | 1.5 | 2.0 | 2.5 | 5.0 | 2.44 |
| 57 | 79 | SIIB | Syria | 0.0 | 5.0 | 5.0 | 0.0 | 1.5 | 5.0 | 5.0 | 5.0 | 4.0 | 2.5 | 1.0 | 5.0 | 2.43 |
| 58 | 44 | EXIM Bank | Bangladesh | 1.0 | 3.5 | 2.5 | 1.0 | 3.5 | 0.0 | 1.5 | 3.0 | 4.0 | 4.0 | 2.5 | 2.0 | 2.39 |
| 59 | 68 | BankIslami | Pakistan | 0.0 | 1.0 | 4.0 | 5.0 | 4.5 | 1.5 | 1.5 | 2.0 | 1.0 | 4.0 | 1.0 | 5.0 | 2.35 |
| 60 | 33 | Ithmaar Bank | Bahrain | 1.0 | 1.0 | 4.0 | 2.0 | 3.5 | 0.0 | 0.0 | 0.0 | 4.5 | 5.0 | 2.0 | 4.5 | 2.33 |
| 60 | 45 | Al-Arafah Islami Bank | Bangladesh | 0.5 | 2.0 | 2.0 | 1.5 | 4.0 | 0.0 | 1.5 | 3.0 | 3.0 | 4.0 | 2.5 | 3.0 | 2.33 |
| 60 | 85 | Bank NTB Syariah | Indonesia | 0.0 | 3.5 | 2.0 | 2.0 | 5.0 | 0.0 | 4.0 | 2.0 | 0.0 | 2.5 | 4.0 | 3.0 | 2.33 |
| 63 | 40 | Affin Islamic Bank | Malaysia | 1.0 | 2.0 | 2.0 | 0.5 | 2.5 | 5.0 | 0.5 | 3.0 | 3.0 | 2.5 | 3.5 | 4.0 | 2.31 |
| 64 | 96 | Maldives Islamic Bank | Maldives | 0.0 | 2.0 | 3.5 | 4.5 | 2.5 | 0.0 | 5.0 | 3.0 | 3.0 | 1.5 | 2.0 | 5.0 | 2.30 |
| 65 | 57 | Shahjalal Islami Bank | Bangladesh | 0.5 | 1.0 | 2.0 | 1.5 | 3.5 | 0.0 | 1.5 | 3.0 | 4.0 | 3.5 | 2.5 | 3.0 | 2.25 |
| 66 | 90 | Iraqi Islamic Bank | Iraq | 0.0 | 0.5 | 0.5 | 5.0 | 5.0 | 2.5 | 5.0 | 4.5 | 1.5 | 0.0 | 0.0 | 5.0 | 2.23 |
| 67 | 54 | Bank Muamalat | Indonesia | 0.5 | 1.0 | 1.0 | 4.0 | 4.0 | 5.0 | 0.5 | 0.0 | 4.5 | 2.0 | 2.5 | 1.5 | 2.20 |
| 68 | 43 | First Security Islami Bank | Bangladesh | 1.0 | 3.5 | 3.0 | 1.5 | 3.5 | 0.5 | 1.5 | 3.0 | 2.0 | 3.0 | 2.5 | 2.0 | 2.19 |
| 68 | 52 | OCBC Al-Amin Bank | Malaysia | 0.5 | 0.5 | 1.0 | 1.0 | 5.0 | 1.0 | 1.0 | 4.0 | 2.0 | 2.5 | 2.0 | 4.5 | 2.19 |
| 70 | 74 | Arab Islamic Bank | Palestine | 0.0 | 4.5 | 4.5 | 3.5 | 1.8 | 1.5 | 1.5 | 1.5 | 2.5 | 2.5 | 3.5 | 4.5 | 2.17 |
| 71 | 75 | Palestine Islamic Bank | Palestine | 0.0 | 3.5 | 2.5 | 3.0 | 2.0 | 1.5 | 2.0 | 2.0 | 3.0 | 3.0 | 2.5 | 4.5 | 2.14 |
| 72 | 50 | HSBC Amanah | Malaysia | 0.5 | 1.5 | 1.0 | 0.0 | 5.0 | 0.0 | 1.0 | 3.5 | 2.0 | 2.5 | 2.5 | 4.5 | 2.11 |
| 73 | 64 | Union Bank | Bangladesh | 0.0 | 3.0 | 3.5 | 0.0 | 3.0 | 2.0 | 1.5 | 3.5 | 1.0 | 4.5 | 3.0 | 1.5 | 2.10 |
| 74 | 66 | Alizz Islamic Bank | Oman | 0.0 | 4.5 | 3.0 | 1.0 | 4.5 | 0.0 | 0.0 | 0.0 | 2.5 | 5.0 | 2.5 | 2.5 | 2.08 |
| 75 | 42 | Ajman Bank | UAE | 1.0 | 1.0 | 1.0 | 0.0 | 4.5 | 0.0 | 0.5 | 4.0 | 3.0 | 3.0 | 1.5 | 3.0 | 2.06 |
| 75 | 51 | Social Islami Bank | Bangladesh | 0.5 | 3.5 | 3.0 | 1.0 | 3.5 | 0.0 | 1.0 | 2.5 | 3.0 | 3.5 | 2.0 | 2.5 | 2.06 |
| 75 | 82 | Bank Panin Dubai Syariah | Indonesia | 0.0 | 2.0 | 0.5 | 0.0 | 5.0 | 0.0 | 0.5 | 0.0 | 4.5 | 4.0 | 3.0 | 2.5 | 2.06 |
| 78 | 53 | Al Hilal Bank | UAE | 0.5 | 0.5 | 0.5 | 1.5 | 4.5 | 0.0 | 0.5 | 0.0 | 1.5 | 4.0 | 3.0 | 4.5 | 2.04 |
| 78 | 67 | Kuwait Finance House | Malaysia | 0.0 | 0.5 | 0.5 | 1.5 | 5.0 | 0.5 | 0.0 | 1.5 | 1.0 | 4.5 | 2.0 | 5.0 | 2.04 |
| 80 | 35 | Faisal Islamic Bank | Egypt | 1.0 | 1.5 | 3.0 | 5.0 | 2.5 | 1.5 | 5.0 | 4.0 | 0.5 | 0.0 | 0.0 | 5.0 | 2.01 |
| 81 | 71 | Standard Chartered Saadiq | Malaysia | 0.0 | 1.0 | 3.5 | 0.0 | 2.5 | 2.5 | 0.5 | 2.0 | 3.0 | 3.0 | 3.0 | 5.0 | 1.96 |
| 81 | 81 | MCB Islamic Bank | Pakistan | 0.0 | 5.0 | 4.0 | 1.5 | 3.5 | 5.0 | 0.5 | 0.0 | 1.5 | 0.0 | 4.5 | 4.5 | 1.96 |
| 83 | 49 | Bank of Khartoum | Sudan | 0.5 | 4.0 | 5.0 | 5.0 | 1.3 | 5.0 | 1.5 | 1.5 | 5.0 | 0.0 | 0.0 | 5.0 | 1.94 |
| 84 | 73 | Al Rajhi Bank | Malaysia | 0.0 | 1.0 | 0.5 | 1.0 | 2.5 | 0.0 | 0.0 | 0.0 | 1.5 | 5.0 | 4.5 | 3.0 | 1.88 |
| 85 | 95 | Safa Bank | Palestine | 0.0 | 5.0 | 5.0 | 2.0 | 2.5 | 0.0 | 0.0 | 0.0 | 2.0 | 2.5 | 3.5 | 5.0 | 1.86 |
| 86 | 69 | Al Baraka Bank | Algeria | 0.0 | 1.0 | 1.5 | 2.5 | 0.0 | 0.0 | 4.5 | 5.0 | 2.5 | 2.0 | 1.5 | 5.0 | 1.84 |
| 86 | 89 | Albaraka Bank | South Africa | 0.0 | 1.0 | 4.0 | 4.0 | 4.5 | 0.0 | 1.0 | 0.5 | 1.5 | 0.5 | 2.5 | 5.0 | 1.84 |
| 88 | 93 | Bank Syariah Bukopin | Indonesia | 0.0 | 0.5 | 0.5 | 0.0 | 5.0 | 4.5 | 0.5 | 0.0 | 4.5 | 2.0 | 1.5 | 2.5 | 1.81 |
| 89 | 83 | Qatar First Bank | Qatar | 0.0 | 0.5 | 0.5 | 5.0 | 4.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.0 | 0.0 | 5.0 | 1.78 |
| 90 | 58 | Bahrain Islamic Bank | Bahrain | 0.5 | 1.5 | 1.5 | 2.0 | 4.0 | 0.5 | 0.0 | 1.5 | 1.5 | 2.5 | 2.0 | 2.0 | 1.73 |
| 91 | 99 | First Community Bank | Kenya | 0.0 | 4.5 | 3.5 | 4.0 | 1.0 | 5.0 | 3.0 | 0.5 | 3.5 | 0.0 | 0.0 | 4.5 | 1.63 |
| 92 | 100 | Al Jazeera Sudanese Jordanian Bank | Sudan | 0.0 | 5.0 | 5.0 | 5.0 | 0.0 | 0.5 | 5.0 | 2.5 | 2.0 | 0.0 | 0.0 | 5.0 | 1.61 |
| 93 | 97 | Al Janoob Islamic Bank | Iraq | 0.0 | 4.5 | 4.5 | 0.0 | 5.0 | 2.0 | 0.5 | 0.0 | 4.5 | 0.0 | 0.0 | 5.0 | 1.58 |
| 94 | 80 | Kurdistan International Bank | Iraq | 0.0 | 4.0 | 2.5 | 5.0 | 0.0 | 5.0 | 2.0 | 2.5 | 0.0 | 1.5 | 0.0 | 5.0 | 1.56 |
| 95 | 94 | Gulf African Bank | Kenya | 0.0 | 0.5 | 2.0 | 4.0 | 2.5 | 1.0 | 3.0 | 1.5 | 2.5 | 0.0 | 0.0 | 5.0 | 1.50 |
| 96 | 98 | Elaf Islamic Bank | Iraq | 0.0 | 0.5 | 0.5 | 0.0 | 2.5 | 5.0 | 3.5 | 5.0 | 0.0 | 0.0 | 0.0 | 5.0 | 1.48 |
| 97 | 87 | BJB Syariah | Indonesia | 0.0 | 2.0 | 3.0 | 2.5 | 2.5 | 1.5 | 0.5 | 0.0 | 0.5 | 2.5 | 2.0 | 2.5 | 1.46 |
| 98 | 62 | Islamic Bank of Thailand | Thailand | 0.0 | 1.5 | 1.0 | 4.5 | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 | 3.5 | 0.0 | 2.5 | 1.11 |
| 99 | 92 | Cihan Bank | Iraq | 0.0 | 5.0 | 4.5 | 5.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.0 | 0.94 |
| 100 | 84 | International Development Bank | Iraq | 0.0 | 2.5 | 5.0 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.0 | 0.81 |
Notes:
(1) 5 = Highest, 0 = Lowest.
(2) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.
Source: TABInsights
World's strongest Islamic banks in 2020
The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength. It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.
In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank retained its top spot as the strongest Islamic bank. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. This year, financial information in the first half of the financial year 2020 (1H FY2020) was collated and incorporated into the assessment of how Islamic banks performed during the COVID-19 pandemic.
The overall profitability of Islamic banks weakened amid the pandemic. The average return on assets stood at 1.1% in 1H FY2020, lower than 1.5% in 1H FY2019, and the cost to income ratio was up slightly from 41.3% to 41.5%. The average asset growth of Islamic banks listed accelerated from 8.7% year-on-year (yoy) at the end of 1H FY2019 to 13% yoy at the end of 1H FY2020, which is higher than the average asset growth recorded by the 200 largest banks in the Middle East and Africa at 10.9% yoy and the 500 largest banks in Asia Pacific at 10.3% yoy.
| Assets | Financing | Deposits | FDR | CAR | Profit | ROA | Costs | Fees | Reserves | NPF | Liquidity | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Strength Rank 2020 | Largest Islamic Banks 2020 | Bank | Country | Score (17.5%) | Score (2.5%) | Score (2.5%) | Score (10.0%) | Score (10.0%) | Score (5.0%) | Score (7.5%) | Score (7.5%) | Score (7.5%) | Score (12.5%) | Score (12.5%) | Score (5.0%) | Aggregate Strength Score 2020 |
| 1 | 1 | Al Rajhi Bank | Saudi Arabia | 4.5 | 3.5 | 3.0 | 2.5 | 5.0 | 0.5 | 5.0 | 5.0 | 2.0 | 5.0 | 4.0 | 4.5 | 4.04 |
| 2 | 3 | Kuwait Finance House | Kuwait | 4.5 | 2.5 | 3.0 | 4.0 | 4.5 | 1.0 | 1.5 | 4.5 | 3.0 | 5.0 | 3.5 | 5.0 | 3.83 |
| 3 | 5 | Qatar Islamic Bank | Qatar | 4.0 | 2.0 | 1.0 | 0.0 | 5.0 | 2.0 | 5.0 | 5.0 | 4.0 | 5.0 | 4.0 | 2.5 | 3.80 |
| 4 | 8 | Masraf Al Rayan | Qatar | 3.5 | 2.0 | 2.0 | 0.0 | 5.0 | 1.0 | 5.0 | 5.0 | 5.0 | 4.5 | 4.5 | 2.0 | 3.74 |
| 5 | 35 | Meezan Bank | Pakistan | 1.0 | 1.5 | 4.5 | 5.0 | 5.0 | 5.0 | 5.0 | 4.0 | 1.5 | 5.0 | 3.5 | 5.0 | 3.68 |
| 6 | 19 | QIIB | Qatar | 2.0 | 2.5 | 2.0 | 0.5 | 4.5 | 2.5 | 5.0 | 5.0 | 4.0 | 5.0 | 3.5 | 4.5 | 3.53 |
| 7 | 2 | Dubai Islamic Bank | UAE | 4.5 | 5.0 | 5.0 | 1.0 | 4.5 | 0.0 | 4.5 | 5.0 | 3.0 | 3.5 | 2.5 | 2.5 | 3.49 |
| 8 | 6 | Alinma Bank | Saudi Arabia | 4.0 | 4.0 | 3.5 | 1.0 | 5.0 | 0.0 | 4.0 | 4.5 | 1.5 | 5.0 | 3.0 | 2.5 | 3.46 |
| 9 | 4 | Maybank Islamic | Malaysia | 4.5 | 2.5 | 2.0 | 0.5 | 5.0 | 0.0 | 1.0 | 3.5 | 1.5 | 5.0 | 4.5 | 2.5 | 3.33 |
| 10 | 13 | Bank AlBilad | Saudi Arabia | 2.5 | 4.5 | 2.5 | 0.5 | 4.5 | 1.0 | 4.0 | 3.5 | 2.5 | 5.0 | 4.0 | 3.5 | 3.31 |
| 11 | 12 | Bank AlJazira | Saudi Arabia | 2.5 | 4.5 | 3.0 | 2.5 | 5.0 | 2.0 | 2.0 | 2.5 | 3.0 | 5.0 | 4.0 | 1.5 | 3.30 |
| 12 | 21 | Bank Islam | Malaysia | 2.0 | 2.5 | 2.5 | 2.0 | 5.0 | 1.0 | 2.0 | 3.5 | 2.5 | 5.0 | 4.5 | 4.0 | 3.29 |
| 13 | 15 | Kuveyt Turk Katilim Bankasi # | Turkey | 2.5 | 2.5 | 2.5 | 4.5 | 5.0 | 3.0 | 4.5 | 3.5 | 3.0 | 2.5 | 1.5 | 5.0 | 3.25 |
| 14 | 38 | Jordan Islamic Bank | Jordan | 1.0 | 4.5 | 2.0 | 2.5 | 5.0 | 1.5 | 4.0 | 3.5 | 2.5 | 5.0 | 3.0 | 4.0 | 3.18 |
| 15 | 9 | Al Baraka Banking Group | Bahrain | 3.0 | 1.0 | 2.5 | 4.5 | 4.5* | 5.0 | 1.5 | 3.0 | 5.0 | 3.5* | 2.0* | 0.0 | 3.16 |
| 16 | 14 | Dukhan Bank | Qatar | 2.5 | 0.0 | 0.0 | 0.0 | 4.5 | 5.0 | 4.0 | 5.0 | 4.5 | 4.0 | 2.5 | 1.5 | 3.15 |
| 16 | 29 | Hong Leong Islamic Bank | Malaysia | 1.0 | 5.0 | 3.5 | 2.0 | 4.0 | 2.5 | 2.5 | 5.0 | 1.5 | 5.0 | 4.5 | 2.5 | 3.15 |
| 16 | 40 | Vakif Katilim Bankasi # | Turkey | 1.0 | 2.0 | 2.5 | 3.5 | 5.0 | 5.0 | 4.5 | 5.0 | 3.5 | 2.5 | 1.5 | 5.0 | 3.15 |
| 19 | 11 | Bank Rakyat | Malaysia | 3.0 | 2.0 | 1.5 | 2.0 | 2.5 | 0.5 | 4.0 | 5.0 | 1.0 | 5.0 | 3.5 | 4.0 | 3.11 |
| 20 | 57 | Arabi Islami | Jordan | 0.5 | 1.0 | 2.0 | 5.0 | 5.0 | 0.0 | 4.0 | 3.5 | 2.0 | 5.0 | 3.0 | 4.5 | 3.10 |
| 21 | 34 | Bank Syariah Mandiri | Indonesia | 1.0 | 1.0 | 3.5 | 3.5 | 4.5 | 2.5 | 4.0 | 3.5 | 2.0 | 5.0 | 3.0 | 2.5* | 3.08 |
| 22 | 59 | Bank Nizwa | Oman | 0.0 | 1.0 | 3.5 | 3.0 | 3.5 | 3.0 | 3.5 | 3.5 | 4.0* | 5.0 | 4.5 | 2.5 | 3.06 |
| 23 | 20 | Public Islamic Bank | Malaysia | 2.0 | 3.5 | 2.0 | 2.0 | 2.3 | 3.0 | 1.0 | 4.5 | 2.0 | 5.0 | 5.0 | 3.0 | 3.03 |
| 24 | 99 | Bank Net Indonesia Syariah | Indonesia | 0.0 | 0.0 | 5.0 | 5.0 | 5.0 | 0.0 | 5.0 | 0.0 | 0.0 | 5.0 | 5.0 | 5.0 | 3.00 |
| 25 | 16 | Boubyan Bank | Kuwait | 2.0 | 3.5 | 4.0 | 1.0 | 4.5 | 0.0 | 1.5 | 3.5 | 1.5 | 5.0 | 4.0 | 4.0 | 2.99 |
| 26 | 22 | Ahli United Bank | Kuwait | 1.5 | 4.0 | 3.0 | 0.0 | 4.0 | 0.0 | 2.0 | 4.5 | 2.5 | 5.0* | 4.0* | 3.5 | 2.91 |
| 26 | 76 | Bank BTPN Syariah | Indonesia | 0.0 | 3.5 | 2.0 | 2.0 | 5.0 | 0.0 | 5.0 | 4.0 | 0.5 | 5.0 | 3.5 | 4.5 | 2.91 |
| 26 | 85 | Bank BCA Syariah | Indonesia | 0.0 | 2.0 | 2.5 | 2.5 | 5.0 | 4.0 | 1.5 | 2.5 | 1.0 | 5.0 | 4.5 | 4.5* | 2.91 |
| 29 | 23 | Sharjah Islamic Bank | UAE | 1.5 | 3.5 | 3.0 | 1.5 | 5.0 | 1.0 | 3.0 | 4.0 | 2.5 | 3.5 | 2.5 | 4.5 | 2.90 |
| 30 | 47 | Al Baraka Bank | Egypt | 0.5 | 5.0 | 2.5 | 5.0 | 2.5 | 0.5 | 4.5 | 5.0 | 1.5 | 5.0 | 2.0 | 3.5 | 2.86 |
| 30 | 74 | Al Baraka Bank | Syria | 0.0 | 1.5 | 5.0 | 5.0 | 2.5 | 5.0 | 5.0 | 5.0 | 1.0 | 5.0 | 0.5 | 5.0 | 2.86 |
| 32 | 50 | Abu Dhabi Islamic Bank | Egypt | 0.5 | 5.0 | 4.0 | 4.0 | 1.8 | 0.0 | 5.0 | 4.5* | 1.5* | 5.0 | 3.0 | 4.0 | 2.86 |
| 33 | 92 | Byblos Bank | Syria | 0.0 | 4.5 | 5.0 | 5.0 | 2.5 | 5.0 | 5.0 | 5.0 | 0.5 | 5.0 | 0.0 | 5.0 | 2.84 |
| 34 | 18 | Emirates Islamic Bank | UAE | 2.0 | 3.5 | 1.5 | 2.0 | 5.0 | 0.0 | 0.5 | 3.5 | 2.5 | 5.0 | 1.5 | 4.5 | 2.78 |
| 35 | 27 | AmBank Islamic | Malaysia | 1.5 | 4.0 | 4.0 | 1.5 | 4.5 | 0.0 | 1.0 | 4.0 | 1.0 | 4.5 | 3.5 | 3.5 | 2.76 |
| 36 | 7 | Abu Dhabi Islamic Bank | UAE | 3.5 | 2.0 | 1.0 | 2.5 | 5.0 | 0.0 | 2.5 | 3.5 | 2.5 | 2.0 | 1.5 | 3.5 | 2.75 |
| 37 | 63 | Safwa Islamic Bank | Jordan | 0.0 | 3.0 | 4.5 | 3.5 | 2.5 | 3.5 | 1.5 | 3.0 | 2.5 | 5.0 | 3.5 | 4.0 | 2.73 |
| 38 | 52 | Bank BNI Syariah | Indonesia | 0.5 | 1.5 | 4.0 | 4.0 | 5.0 | 0.0 | 3.0 | 2.5 | 1.0 | 4.5 | 2.5 | 3.5* | 2.69 |
| 39 | 10 | CIMB Islamic Bank | Malaysia | 3.0 | 2.5 | 2.5 | 2.0 | 4.5 | 0.0 | 1.0 | 3.5 | 1.5 | 2.0 | 3.5 | 3.5 | 2.68 |
| 39 | 88 | Jaiz Bank | Nigeria | 0.0 | 0.0 | 4.5 | 5.0 | 4.5* | 5.0 | 4.0 | 1.5 | 4.0 | 2.5 | 1.0 | 4.5 | 2.68 |
| 41 | 26 | MBSB Bank | Malaysia | 1.5 | 3.5 | 1.0 | 0.0 | 2.5 | 4.5 | 0.0 | 5.0 | 2.0 | 5.0 | 3.0 | 4.5 | 2.66 |
| 42 | 80 | Bank NTB Syariah | Indonesia | 0.0 | 0.5 | 4.5 | 4.0 | 5.0* | 0.0 | 4.0 | 2.0 | 1.5 | 3.0* | 4.0* | 3.0 | 2.64 |
| 43 | 28 | Turkiye Finans Katilim Bankasi # | Turkey | 1.0 | 1.8 | 2.3 | 2.0 | 4.5 | 5.0 | 4.0 | 4.0 | 3.0 | 1.8 | 1.0 | 4.5 | 2.63 |
| 44 | 54 | Alliance Islamic Bank | Malaysia | 0.5 | 2.5 | 1.5 | 1.5 | 4.0 | 1.5 | 0.5 | 5.0 | 1.0 | 5.0 | 3.5 | 4.0 | 2.63 |
| 45 | 81 | Cham Islamic Bank | Syria | 0.0 | 0.5 | 5.0 | 2.0 | 2.5 | 5.0 | 5.0 | 5.0 | 1.0 | 3.5* | 2.0* | 5.0 | 2.61 |
| 46 | 69 | BankIslami | Pakistan | 0.0 | 1.0 | 3.0 | 4.5 | 5.0 | 5.0 | 1.5 | 2.5 | 1.5 | 4.0 | 1.0 | 5.0 | 2.60 |
| 47 | 17 | RHB Islamic Bank | Malaysia | 2.0 | 3.0. | 2.0 | 0.0 | 2.3 | 2.5 | 0.5 | 5.0 | 1.5 | 4.0 | 4.5 | 2.5 | 2.59 |
| 48 | 60 | Khaleeji Commercial Bank | Bahrain | 0.0 | 4.5 | 1.0 | 5.0 | 5.0 | 3.5 | 3.5 | 3.5 | 3.5 | 2.5* | 0.0* | 3.5 | 2.59 |
| 49 | 30 | Kuwait International Bank | Kuwait | 1.0 | 3.0 | 2.5 | 0.0 | 5.0 | 0.0 | 0.5 | 2.0 | 2.0 | 5.0* | 3.5* | 4.5* | 2.56 |
| 50 | 24 | IBBL | Bangladesh | 1.5 | 4.5 | 3.5 | 2.0 | 3.5* | 0.0 | 1.5 | 3.0 | 3.0 | 5.0* | 2.5* | 0.0 | 2.55 |
| 50 | 36 | Faisal Islamic Bank | Egypt | 1.0 | 2.5 | 3.0 | 5.0 | 2.5 | 0.0 | 4.5 | 3.5 | 0.5 | 3.5* | 2.0* | 4.5 | 2.55 |
| 50 | 41 | Al Salam Bank | Bahrain | 1.0 | 4.5 | 4.0 | 2.5 | 5.0 | 2.0 | 1.5 | 3.5 | 1.5 | 2.5 | 2.0 | 4.0 | 2.55 |
| 53 | 32 | BIBD ** | Brunei | 1.0 | 2.0 | 3.0 | 5.0 | 2.5 | 0.5 | 4.5 | 4.0 | 1.0 | 2.0 | 2.5 | 5.0 | 2.54 |
| 54 | 33 | Ithmaar Bank | Bahrain | 1.0 | 1.5 | 3.0 | 1.5 | 3.5 | 5.0 | 0.5 | 1.5 | 4.0 | 4.5 | 1.5 | 4.5 | 2.51 |
| 54 | 51 | OCBC Al-Amin Bank | Malaysia | 0.5 | 2.5 | 2.0 | 1.5 | 5.0 | 1.0 | 1.0 | 3.5 | 2.0 | 3.5 | 3.0 | 4.5 | 2.51 |
| 56 | 46 | HSBC Amanah | Malaysia | 0.5 | 3.0 | 2.5 | 0.5 | 5.0 | 0.0 | 0.5 | 4.0 | 1.5 | 4.0 | 3.0 | 4.5 | 2.44 |
| 56 | 67 | Dubai Islamic Bank | Pakistan | 0.0 | 3.0 | 2.0 | 1.0 | 4.5 | 2.5 | 4.0 | 3.0 | 1.5 | 2.5 | 3.0 | 4.5 | 2.44 |
| 58 | 61 | Al Baraka Islamic Bank | Bahrain | 0.0 | 3.5 | 4.0 | 5.0 | 5.0 | 2.0 | 0.5 | 1.0 | 3.5 | 3.0 | 1.5 | 4.0 | 2.43 |
| 59 | 42 | Bank Muamalat | Malaysia | 1.0 | 3.5 | 1.5 | 2.5 | 4.5 | 0.0 | 0.5 | 0.5 | 1.5 | 3.5 | 4.0 | 4.5 | 2.40 |
| 59 | 66 | Turkiye Emlak Katilim Bankasi # | Turkey | 0.0 | 2.3 | 2.5 | 1.0 | 5.0 | 5.0 | 0.5 | 4.0 | 3.5 | 2.5 | 1.8 | 4.0 | 2.40 |
| 59 | 97 | Bank Victoria Syariah | Indonesia | 0.0 | 5.0 | 3.0 | 3.0 | 5.0 | 0.0 | 0.5 | 0.0 | 2.5 | 5.0 | 4.0 | 0.0 | 2.40 |
| 62 | 70 | Bank Aceh Syariah | Indonesia | 0.0 | 1.5 | 0.5 | 4.0 | 5.0 | 0.0 | 3.5 | 1.5 | 0.5 | 4.5 | 3.5 | 0.0 | 2.39 |
| 63 | 84 | Bank Mega Syariah | Indonesia | 0.0 | 5.0 | 4.0 | 2.5 | 5.0 | 5.0 | 2.0 | 1.0 | 0.0 | 1.5 | 3.5 | 3.0* | 2.29 |
| 64 | 37 | Ziraat Katilim Bankasi # | Turkey | 1.0 | 0.8 | 2.5 | 0.0 | 4.0 | 5.0 | 1.5 | 5.0 | 1.5 | 2.5 | 1.5 | 3.0 | 2.26 |
| 65 | 53 | Bank BRIsyariah | Indonesia | 0.5 | 1.0 | 5.0 | 2.0 | 2.5 | 5.0 | 1.5 | 3.0 | 1.0 | 3.5 | 2.5 | 2.5 | 2.24 |
| 65 | 98 | Al Salam Bank | Sudan | 0.0 | 0.0 | 4.5 | 3.0 | 2.5* | 5.0 | 5.0 | 5.0 | 4.5 | 0.0 | 0.0 | 5.0 | 2.24 |
| 67 | 79 | MCB Islamic Bank | Pakistan | 0.0 | 5.0 | 4.5 | 3.0 | 3.5 | 5.0 | 0.5 | 0.0 | 1.5 | 1.0 | 4.5 | 4.5 | 2.21 |
| 68 | 48 | Kuwait Finance House | Bahrain | 0.5 | 1.5 | 4.0 | 3.5 | 5.0 | 0.0 | 1.0 | 2.5 | 4.5 | 1.0* | 2.0* | 1.5 | 2.16 |
| 69 | 31 | Albaraka Turk Katilim Bankasi # | Turkey | 1.0 | 0.5 | 2.5 | 2.5 | 4.5 | 5.0 | 0.5 | 1.5 | 2.5 | 1.5 | 1.0 | 4.5 | 2.13 |
| 70 | 44 | EXIM Bank | Bangladesh | 1.0 | 3.0 | 2.5 | 0.0 | 3.5* | 0.0 | 1.5 | 3.0 | 3.5 | 3.5* | 2.5* | 0.0 | 2.10 |
| 71 | 58 | Shahjalal Islami Bank | Bangladesh | 0.5 | 1.5 | 2.5 | 1.0 | 4.0* | 0.0 | 2.0 | 3.5 | 3.0 | 3.0* | 2.5* | 0.0 | 2.09 |
| 72 | 39 | Ajman Bank | UAE | 1.0 | 3.0 | 0.5 | 0.0 | 4.0 | 0.0 | 1.0 | 3.0 | 3.5 | 3.0* | 1.5* | 3.5 | 2.06 |
| 72 | 71 | Standard Chartered Saadiq | Malaysia | 0.0 | 4.0 | 1.0 | 0.0 | 2.5 | 0.0 | 1.0 | 2.0 | 2.0 | 4.0 | 4.0 | 5.0 | 2.06 |
| 74 | 72 | Al Rajhi Bank | Malaysia | 0.0 | 3.5 | 1.0 | 1.0 | 2.5 | 0.0 | 0.5 | 0.0 | 2.0 | 5.0 | 4.0 | 3.0 | 1.96 |
| 75 | 87 | Amana Bank | Sri Lanka | 0.0 | 2.5 | 3.0 | 3.5 | 4.5 | 0.0 | 1.0 | 0.5 | 2.0 | 2.0 | 2.0 | 4.5* | 1.95 |
| 76 | 25 | Warba Bank | Kuwait | 1.5 | 1.5 | 5.0 | 0.0 | 4.0 | 0.0 | 0.0 | 3.5 | 2.0 | 0.0 | 3.0 | 4.0 | 1.91 |
| 76 | 94 | Safa Bank | Palestine | 0.0 | 0.5 | 5.0 | 2.5 | 2.5 | 0.0 | 0.0 | 0.0 | 2.0 | 3.5* | 3.5* | 5.0 | 1.91 |
| 78 | 45 | Al-Arafah Islami Bank | Bangladesh | 0.5 | 2.0 | 1.5 | 0.5 | 4.0* | 0.0 | 1.0 | 2.5 | 3.0 | 3.0* | 2.5* | 0.0 | 1.89 |
| 78 | 68 | Alizz Islamic Bank | Oman | 0.0 | 3.0 | 0.5 | 1.0 | 3.5 | 0.0 | 0.0 | 0.0 | 2.5 | 5.0* | 3.0 | 2.0 | 1.89 |
| 80 | 65 | Kuwait Finance House | Malaysia | 0.0 | 1.0 | 1.0 | 2.0 | 5.0 | 0.0 | 0.0 | 0.0 | 0.5 | 4.0 | 2.0 | 5.0 | 1.86 |
| 81 | 82 | Qatar First Bank | Qatar | 0.0 | 1.5 | 4.5 | 5.0 | 3.0* | 0.0 | 0.0 | 0.0 | 1.0 | 5.0 | 0.0 | 5.0 | 1.85 |
| 82 | 73 | Arab Islamic Bank | Palestine | 0.0 | 2.5 | 4.5 | 3.5 | 1.8 | 0.0 | 1.5 | 1.0 | 2.0 | 1.5* | 3.5* | 4.5 | 1.84 |
| 83 | 78 | Bank Panin Dubai Syariah | Indonesia | 0.0 | 4.0 | 1.5 | 0.5 | 4.5 | 0.0 | 0.5 | 0.0 | 2.0 | 3.5 | 2.5 | 2.0 | 1.78 |
| 84 | 43 | First Security Islami Bank | Bangladesh | 1.0 | 2.0 | 3.5 | 0.5 | 3.0* | 0.0 | 1.0 | 2.0 | 1.5 | 3.0* | 2.5* | 0.0 | 1.75 |
| 84 | 49 | Social Islami Bank | Bangladesh | 0.5 | 1.0 | 3.5 | 1.5 | 3.5* | 0.0 | 0.5 | 1.5 | 3.0 | 3.0* | 2.0* | 0.0 | 1.75 |
| 84 | 89 | Albaraka Bank | South Africa | 0.0 | 3.5 | 3.0 | 3.0 | 4.0 | 0.0 | 1.5 | 0.5 | 1.5 | 0.5 | 2.5 | 4.5* | 1.75 |
| 87 | 75 | Palestine Islamic Bank | Palestine | 0.0 | 0.0 | 2.5 | 3.0 | 1.8* | 0.0 | 1.5 | 1.5 | 3.0 | 2.0* | 2.5* | 4.5 | 1.74 |
| 88 | 56 | Bank Muamalat | Indonesia | 0.5 | 3.0 | 0.5 | 3.5 | 3.5 | 0.0 | 0.5 | 0.0 | 4.5 | 1.0 | 2.0 | 1.0 | 1.68 |
| 89 | 83 | First Energy Bank | Bahrain | 0.0 | 4.0 | 0.0 | 0.0 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.0* | 0.5* | 5.0* | 1.66 |
| 90 | 64 | ABC Islamic Bank | Bahrain | 0.0 | 1.0 | 0.0 | 0.0 | 5.0 | 1.0 | 4.0 | 5.0 | 2.5 | 0.0 | 0.0 | 0.5 | 1.59 |
| 91 | 55 | Bahrain Islamic Bank | Bahrain | 0.5 | 2.0 | 1.5 | 2.5 | 4.5 | 0.0 | 0.5 | 1.5 | 1.5 | 1.5* | 0.0* | 3.0 | 1.53 |
| 91 | 91 | Bank Syariah Bukopin | Indonesia | 0.0 | 1.5 | 0.5 | 0.0 | 4.0 | 0.0 | 0.5 | 0.0 | 2.0 | 3.5 | 2.0 | 2.0 | 1.53 |
| 93 | 86 | Bank BJB Syariah | Indonesia | 0.0 | 5.0 | 1.0 | 0.0 | 2.3 | 0.0 | 1.0 | 0.0 | 1.0 | 3.0 | 3.0 | 1.0 | 1.38 |
| 94 | 93 | Gulf African Bank | Kenya | 0.0 | 3.0 | 1.5 | 2.5 | 2.3 | 5.0 | 1.0 | 0.0 | 3.0 | 0.0 | 0.0 | 4.5 | 1.36 |
| 95 | 100 | Citi Islamic Investment Bank | Bahrain | 0.0 | 2.0 | 0.0 | 0.0 | 5.0 | 0.5 | 5.0 | 2.0 | 1.5 | 0.0 | 0.0 | 0.0 | 1.34 |
| 96 | 95 | First Community Bank | Kenya | 0.0 | 4.0 | 1.5 | 4.5 | 0.5 | 4.5 | 0.5 | 0.0 | 4.0 | 0.0 | 0.0 | 4.5 | 1.33 |
| 97 | 62 | Islamic Bank of Thailand | Thailand | 0.0 | 0.5 | 1.0 | 4.5 | 0.0 | 0.0 | 0.0 | 0.0 | 1.5 | 3.0 | 0.0 | 2.5 | 0.99 |
| 98 | 90 | Bank Alkhair | Bahrain | 0.0 | 4.5 | 2.5 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4.5 | 0.78 |
| 99 | 96 | Venture Capital Bank | Bahrain | 0.0 | 0.0 | 0.0 | 0.0 | 1.5 | 0.0 | 0.0 | 0.0 | 2.0 | 0.0 | 0.0 | 5.0* | 0.59 |
| 100 | 77 | Kurdistan International Bank | Iraq | 0.0 | 4.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.13 |
Notes:
(1) 5 = Highest, 0 = Lowest.
(2) *& ** FY2019 data Based on data in FY2019. # Adjusted for balance sheet growth and asset quality.
(3) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.
Source: TABInsights
World's strongest Islamic banks in 2019
The Asian Banker has been publishing the world’s first authoritative annual ranking of the Strongest Banks in Asia Pacific since 2007 based on balance sheet strength. It uses a detailed and transparent scorecard to evaluate the ranking which entails six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The ranking has since been expanded to include banks in the Middle East, Africa, and Central Asia as well as Islamic banks globally.
In this year’s The Asian Banker Strongest Islamic Banks By Balance Sheet evaluation, Al Rajhi Bank emerged as the strongest Islamic bank. This is based on a detailed and transparent scorecard that evaluates Islamic banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. The Asian Banker launched the inaugural evaluation of what will be an annual ranking of the largest and strongest Islamic banks, mainly in Asia Pacific, the Middle East and Africa.
The 100 largest Islamic banks posted an average asset growth of 8% after removing the anomaly of MBSB Bank in Malaysia, which completed the acquisition of Asian Finance Bank in 2018. It is higher than the average asset growth rates recorded by the 100 largest banks in the Middle East and the 500 largest banks in Asia Pacific, at 5.3% and 5.6%, respectively. On average, Saudi Arabia achieved the highest strength score at 3.9 out of five, followed by Kuwait (3.7), Qatar (3.5) and UAE (3.3).
| Assets | Financing | Deposits | FDR | CAR | Profit | ROA | Costs | Fees | Reserves | NPF | Liquidity | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Strength Rank 2019 | Largest Islamic Banks 2019 | Bank | Country | Score (17.5%) | Score (2.5%) | Score (2.5%) | Score (10.0%) | Score (10.0%) | Score (5.0%) | Score (7.5%) | Score (7.5%) | Score (7.5%) | Score (12.5%) | Score (12.5%) | Score (5.0%) | Aggregate Strength Score 2019 |
| 1 | 1 | Al Rajhi Bank | Saudi Arabia | 4.5 | 1.5 | 2.5 | 3.0 | 5.0 | 1.5 | 5.0 | 5.0 | 2.5 | 5.0 | 4.5 | 4.5 | 4.16 |
| 2 | 3 | Kuwait Finance House | Kuwait | 4.5 | 1.5 | 2.0 | 3.0 | 4.5 | 1.5 | 4.5 | 4.5 | 3.0 | 5.0 | 3.5 | 5.0 | 3.95 |
| 3 | 2 | Dubai Islamic Bank | UAE | 4.5 | 2.5 | 2.5 | 1.5 | 4.5 | 1.0 | 5.0 | 5.0 | 3.0 | 5.0 | 3.0 | 3.0 | 3.76 |
| 4 | 7 | Alinma Bank | Saudi Arabia | 3.5 | 2.5 | 2.0 | 1.5 | 5.0 | 1.5 | 5.0 | 4.5 | 2.5 | 5.0 | 4.0 | 3.5 | 3.74 |
| 5 | 4 | Maybank Islamic | Malaysia | 4.5 | 2.5 | 3.5 | 0.5 | 5.0 | 2.5 | 2.5 | 4.5 | 1.5 | 5.0 | 4.0 | 3.0 | 3.64 |
| 5 | 13 | Bank AlBilad | Saudi Arabia | 2.0 | 4.0 | 4.0 | 2.0 | 4.5 | 2.5 | 5.0 | 3.0 | 4.0 | 5.0 | 4.0 | 4.5 | 3.64 |
| 7 | 5 | Qatar Islamic Bank | Qatar | 4.0 | 1.5 | 1.5 | 0.5 | 5.0 | 1.0 | 5.0 | 5.0 | 3.5 | 5.0 | 4.0 | 0.0 | 3.63 |
| 8 | 9 | Masraf Al Rayan | Qatar | 3.0 | 1.5 | 1.5 | 0.0 | 5.0 | 0.0 | 5.0 | 5.0 | 5.0 | 4.5 | 4.5 | 1.0 | 3.53 |
| 9 | 12 | CIMB Islamic Bank | Malaysia | 2.5 | 4.5 | 4.0 | 1.5 | 4.5 | 3.0 | 2.0 | 5.0 | 1.5 | 5.0 | 4.5 | 3.5 | 3.48 |
| 10 | 34 | Meezan Bank | Pakistan | 1.0 | 4.5 | 4.0 | 4.0 | 4.0 | 4.5 | 3.5 | 3.0 | 2.5 | 5.0 | 4.0 | 5.0 | 3.46 |
| 11 | 19 | Boubyan Bank | Kuwait | 1.5 | 3.5 | 3.0 | 2.0 | 5.0 | 1.5 | 4.0 | 4.0 | 1.5 | 5.0 | 4.5 | 4.0 | 3.38 |
| 12 | 21 | QIIB | Qatar | 1.5 | 0.5 | 1.0 | 2.0 | 4.5 | 1.0 | 5.0 | 5.0 | 4.0 | 4.5 | 3.5 | 4.5 | 3.34 |
| 13 | 17 | Bank Islam | Malaysia | 2.0 | 2.5 | 3.0 | 2.5 | 4.5 | 2.0 | 3.0 | 3.0 | 1.5 | 5.0 | 4.5 | 4.5 | 3.31 |
| 14 | 6 | Abu Dhabi Islamic Bank | UAE | 3.5 | 2.0 | 2.0 | 3.0 | 4.5 | 0.5 | 5.0 | 3.5 | 2.5 | 3.5 | 2.5 | 4.0 | 3.30 |
| 15 | 14 | Bank AlJazira | Saudi Arabia | 2.0 | 2.0 | 2.0 | 3.0 | 5.0 | 0.0 | 4.5 | 2.5 | 3.0 | 5.0 | 3.5 | 2.0 | 3.21 |
| 16 | 74 | BTPN Syariah | Indonesia | 0.0 | 4.0 | 3.5 | 1.5.0 | 5.0 | 4.0 | 5.0 | 3.5 | 0.5 | 5.0 | 4.0 | 5.0 | 3.18 |
| 17 | 15 | Emirates Islamic Bank | UAE | 2.0 | 2.5 | 2.0 | 2.0 | 5.0 | 0.0 | 4.5 | 3.5 | 3.5 | 5.0 | 1.5 | 5.0 | 3.16 |
| 18 | 49 | Al Baraka Bank | Egypt | 0.5 | 3.5 | 4.5 | 5.0 | 2.0 | 3.0 | 5.0 | 5.0 | 2.0 | 5.0 | 2.5 | 5.0 | 3.15 |
| 19 | 22 | Barwa Bank | Qatar | 1.5 | 0.5 | 1.5 | 0.0 | 4.5 | 0.0 | 5.0 | 4.5 | 5.0 | 5.0 | 3.0 | 2.5 | 3.09 |
| 20 | 11 | Al Baraka Banking Group | Bahrain | 2.5 | 1.0 | 1.0 | 4.5 | 4.5 | 0.5 | 2.0 | 3.0 | 5.0 | 3.5 | 2.0 | 4.5 | 3.08 |
| 20 | 23 | Sharjah Islamic Bank | UAE | 1.5 | 3.0 | 4.0 | 1.5 | 4.5 | 0.0 | 3.5 | 3.0 | 5.0 | 5.0 | 2.0 | 4.5 | 3.08 |
| 22 | 27 | MBSB Bank | Malaysia | 1.5 | 5.0 | 5.0 | 0.0 | 2.0 | 5.0 | 4.0 | 5.0 | 0.5 | 5.0 | 3.5 | 4.5 | 3.01 |
| 22 | 51 | Arabi Islami | Jordan | 0.5 | 3.0 | 2.5 | 3.0 | 5.0 | 1.0 | 4.5 | 4.0 | 2.0 | 3.5 | 3.5 | 4.5 | 3.01 |
| 24 | 54 | Abu Dhabi Islamic Bank | Egypt | 0.0 | 5.0 | 4.5 | 4.5 | 1.5 | 3.5 | 5.0 | 4.5 | 2.5 | 5.0 | 3.0 | 2.5 | 2.96 |
| 25 | 31 | Warba Bank | Kuwait | 1.0 | 4.5 | 2.5 | 0.0 | 2.5 | 5.0 | 1.5 | 4.5 | 3.5 | 5.0 | 4.0 | 4.0 | 2.95 |
| 26 | 20 | Noor Bank | UAE | 1.5 | 4.0 | 3.5 | 1.5 | 2.3 | 0.0 | 4.0 | 4.5 | 4.0 | 5.0 | 2.5 | 4.5 | 2.94 |
| 27 | 10 | Bank Rakyat | Malaysia | 3.0 | 1.5 | 1.5 | 2.5 | 2.5 | 0.0 | 3.5 | 4.5 | 0.5 | 4.5 | 3.5 | 4.0 | 2.94 |
| 28 | 32 | Kuwait International Bank | Kuwait | 1.0 | 4.5 | 3.0 | 0.0 | 4.5 | 0.0 | 3.0 | 3.0 | 2.0 | 5.0 | 4.5 | 4.0 | 2.91 |
| 29 | 18 | Public Islamic Bank | Malaysia | 2.0 | 3.0 | 3.0 | 2.0 | 2.3 | 1.0 | 2.0 | 4.5 | 1.0 | 5.0 | 4.5 | 3.5 | 2.91 |
| 30 | 16 | RHB Islamic Bank | Malaysia | 2.0 | 4.5 | 4.5 | 0.0 | 2.3 | 3.0 | 2.0 | 4.5 | 2.0 | 4.0 | 4.5 | 2.5 | 2.83 |
| 31 | 26 | AmBank Islamic | Malaysia | 1.5 | 2.0 | 4.0 | 1.5 | 4.5 | 4.0 | 2.0 | 3.5 | 1.0 | 3.5 | 3.5 | 3.5 | 2.83 |
| 32 | 38 | Bank Muamalat | Malaysia | 1.0 | 2.0 | 1.0 | 2.5 | 5.0 | 3.5 | 2.0 | 2.0 | 1.5 | 3.5 | 4.0 | 4.5 | 2.81 |
| 33 | 77 | SIIB | Syria | 0.0 | 5.0 | 5.0 | 5.0 | 2.3 | 5.0 | 2.0 | 3.0 | 5.0 | 4.0 | 1.0 | 5.0 | 2.78 |
| 34 | 29 | Hong Leong Islamic Bank | Malaysia | 1.0 | 3.0 | 2.5 | 2.0 | 2.0 | 3.0 | 2.5 | 5.0 | 1.0 | 4.5 | 4.5 | 3.0 | 2.78 |
| 35 | 92 | Maldives Islamic Bank | Maldives | 0.0 | 5.0 | 4.0 | 5.0 | 2.3 | 2.5 | 5.0 | 2.5 | 3.5 | 2.0 | 3.5 | 5.0 | 2.77 |
| 36 | 57 | Bank Nizwa | Oman | 0.0 | 4.0 | 5.0 | 3.0 | 4.5 | 5.0 | 2.5 | 2.0 | 4.5 | 0.0 | 5.0 | 3.5 | 2.74 |
| 36 | 88 | Cham Islamic Bank | Syria | 0.0 | 5.0 | 5.0 | 5.0 | 2.5 | 5.0 | 1.5 | 0.5 | 2.0 | 5.0 | 3.0 | 5.0 | 2.74 |
| 38 | 67 | Bank Aceh Syariah | Indonesia | 0.0 | 2.0 | 1.5 | 3.5 | 5.0 | 1.0 | 5.0 | 1.5 | 1.0 | 5.0 | 4.0 | 0.0 | 2.71 |
| 39 | 37 | Jordan Islamic Bank | Jordan | 1.0 | 2.0 | 1.5 | 3.0 | 2.5 | 0.0 | 3.5 | 3.5 | 1.5 | 5.0 | 3.0 | 4.5 | 2.66 |
| 40 | 53 | Bank BNI Syariah | Indonesia | 0.0 | 4.0 | 4.5 | 3.0 | 5.0 | 1.0 | 3.0 | 2.5 | 0.5 | 4.5 | 3.0 | 2.5 | 2.63 |
| 41 | 33 | Bank Syariah Mandiri | Indonesia | 1.0 | 3.0 | 3.5 | 3.5 | 2.3 | 1.0 | 1.5 | 2.5 | 3.5 | 5.0 | 3.0 | 2.5 | 2.62 |
| 42 | 30 | BIBD | Brunei | 1.0 | 3.5 | 2.0 | 5.0 | 2.3 | 1.0 | 4.5 | 4.0 | 1.0 | 2.5 | 2.5 | 5.0 | 2.61 |
| 43 | 35 | Ajman Bank | UAE | 1.0 | 2.5 | 4.0 | 1.5 | 4.5 | 0.0 | 2.0 | 3.5 | 4.0 | 3.0 | 2.0 | 4.0 | 2.55 |
| 44 | 63 | Alizz Islamic Bank | Oman | 0.0 | 4.5 | 4.5 | 1.5 | 4.0 | 5.0 | 1.0 | 0.0 | 2.5 | 4.5 | 4.0 | 2.5 | 2.54 |
| 45 | 66 | Dubai Islamic Bank | Pakistan | 0.0 | 5.0 | 4.5 | 1.5 | 1.8 | 5.0 | 3.5 | 2.5 | 2.0 | 3.5 | 3.5 | 4.5 | 2.52 |
| 46 | 76 | Al Baraka Bank | Syria | 0.0 | 4.0 | 4.5 | 5.0 | 2.5 | 5.0 | 3.5 | 4.5 | 2.5 | 2.5 | 0.0 | 5.0 | 2.50 |
| 47 | 81 | Bank BCA Syariah | Indonesia | 0.0 | 4.0 | 4.0 | 3.0 | 5.0 | 1.0 | 2.5 | 2.0 | 2.5 | 0.0 | 5.0 | 4.5 | 2.48 |
| 48 | 25 | IBBL | Bangladesh | 1.5 | 3.5 | 3.0 | 1.5 | 1.8 | 2.5 | 1.5 | 3.5 | 3.0 | 5.0 | 2.5 | 0.0 | 2.42 |
| 49 | 68 | Safwa Islamic Bank | Jordan | 0.0 | 3.5 | 4.0 | 2.5 | 2.5 | 4.5 | 2.0 | 2.0 | 1.5 | 4.0 | 3.0 | 3.0 | 2.35 |
| 50 | 97 | United Capital Bank | Sudan | 0.0 | 5.0 | 5.0 | 2.5 | 2.5 | 5.0 | 5.0 | 4.5 | 5.0 | 0.0 | 0.0 | 5.0 | 2.34 |
| 51 | 80 | Bank Mega Syariah | Indonesia | 0.0 | 3.0 | 3.5 | 1.5 | 5.0 | 0.0 | 1.5 | 2.5 | 5.0 | 1.0 | 3.5 | 3.5 | 2.31 |
| 52 | 42 | Al Salam Bank | Bahrain | 0.5 | 3.0 | 2.5 | 3.0 | 5.0 | 0.0 | 3.5 | 3.5 | 3.5 | 2.0 | 1.5 | 0.0 | 2.30 |
| 53 | 24 | Al Hilal Bank | UAE | 1.5 | 1.0 | 1.0 | 2.0 | 4.5 | 0.0 | 0.5 | 2.5 | 2.5 | 3.5 | 1.5 | 4.5 | 2.29 |
| 53 | 45 | Kuwait Finance House | Bahrain | 0.5 | 4.5 | 3.5 | 1.5 | 5.0 | 0.5 | 4.0 | 2.0 | 5.0 | 1.0 | 1.5 | 2.0 | 2.29 |
| 55 | 48 | OCBC Al-Amin Bank | Malaysia | 0.5 | 2.5 | 2.5 | 2.0 | 4.5 | 0.0 | 2.0 | 3.5 | 2.0 | 3.0 | 2.5 | 1.5 | 2.25 |
| 56 | 71 | Arab Islamic Bank | Palestine | 0.0 | 4.5 | 2.5 | 2.5 | 2.0 | 0.0 | 1.5 | 0.5 | 2.0 | 4.0 | 4.5 | 4.5 | 2.20 |
| 56 | 94 | Bank Victoria Syariah | Indonesia | 0.0 | 1.5 | 1.5 | 2.5 | 5.0 | 5.0 | 0.5 | 0.0 | 2.0 | 3.5 | 3.5 | 0.0 | 2.20 |
| 58 | 64 | Union Bank | Bangladesh | 0.0 | 4.0 | 1.5 | 0.0 | 2.5 | 0.5 | 1.5 | 3.5 | 1.5 | 5.0 | 4.5 | 0.0 | 2.15 |
| 58 | 69 | BankIslami | Pakistan | 0.0 | 1.5 | 3.5 | 4.0 | 4.0 | 5.0 | 0.5 | 0.0 | 2.0 | 3.5 | 1.0 | 4.5 | 2.15 |
| 60 | 46 | Al-Arafah Islami Bank | Bangladesh | 0.5 | 3.0 | 3.0 | 1.0 | 4.0 | 0.0 | 2.0 | 3.5 | 3.5 | 2.5 | 2.5 | 0.0 | 2.11 |
| 60 | 82 | Albaraka Bank | South Africa | 0.0 | 2.0 | 3.5 | 2.5 | 4.5 | 1.0 | 3.0 | 1.0 | 2.0 | 0.5 | 3.5 | 4.5 | 2.11 |
| 62 | 39 | Faisal Islamic Bank | Egypt | 1.0 | 3.5 | 3.5 | 5.0 | 2.3 | 2.5 | 5.0 | 3.5 | 1.0 | 0.0 | 0.0 | 5.0 | 2.09 |
| 63 | 75 | First Energy Bank | Bahrain | 0.0 | 1.0 | 0.0 | 0.0 | 5.0 | 0.0 | 4.0 | 2.0 | 1.5 | 5.0 | 0.0 | 5.0 | 2.09 |
| 64 | 40 | HSBC Amanah | Malaysia | 0.5 | 2.5 | 3.5 | 0.0 | 2.5 | 0.5 | 2.0 | 3.5 | 1.5 | 3.5 | 3.0 | 3.0 | 2.06 |
| 64 | 43 | First Security Islami Bank | Bangladesh | 0.5 | 3.5 | 2.5 | 1.5 | 2.5 | 1.5 | 1.0 | 3.0 | 2.0 | 4.0 | 3.0 | 0.0 | 2.06 |
| 66 | 61 | Standard Chartered Saadiq | Malaysia | 0.0 | 1.0 | 2.0 | 0.0 | 2.5 | 0.0 | 1.5 | 1.5 | 1.0 | 5.0 | 4.0 | 4.5 | 2.04 |
| 67 | 41 | Sina Bank | Iran | 0.5 | 3.0 | 3.0 | 3.0 | 1.5 | 4.0 | 1.5 | 2.5 | 5.0 | 2.5 | 1.5 | 0.0 | 2.03 |
| 67 | 89 | Jaiz Bank | Nigeria | 0.0 | 2.0 | 4.5 | 5.0 | 5.0 | 0.0 | 2.0 | 0.0 | 4.0 | 0.0 | 1.5 | 4.5 | 2.03 |
| 69 | 65 | ABC Islamic Bank | Bahrain | 0.0 | 3.5 | 5.0 | 0.0 | 5.0 | 4.0 | 5.0 | 5.0 | 2.5 | 0.0 | 0.0 | 0.5 | 2.00 |
| 70 | 36 | AFFIN Islamic Bank | Malaysia | 1.0 | 4.5 | 5.0 | 1.5 | 2.5 | 1.0 | 1.0 | 2.5 | 1.5 | 1.0 | 3.0 | 4.0 | 1.96 |
| 71 | 44 | EXIM Bank | Bangladesh | 0.5 | 4.5 | 2.5 | 1.0 | 1.3 | 2.0 | 1.5 | 4.0 | 3.5 | 3.5 | 2.0 | 0.0 | 1.96 |
| 72 | 62 | Al Rajhi Bank | Malaysia | 0.0 | 0.5 | 0.5 | 2.0 | 2.5 | 1.5 | 0.5 | 0.0 | 1.0 | 5.0 | 4.0 | 2.5 | 1.93 |
| 73 | 8 | Parsian Bank | Iran | 3.5 | 5.0 | 4.5 | 3.0 | 0.3 | 5.0 | 4.0 | 3.5 | 0.0 | 0.0 | 0.0 | 0.0 | 1.92 |
| 74 | 60 | Al Baraka Islamic Bank | Bahrain | 0.0 | 1.0 | 1.0 | 3.0 | 2.0 | 5.0 | 0.0 | 0.0 | 5.0 | 3.5 | 1.5 | 2.5 | 1.90 |
| 75 | 55 | Bank BRIsyariah | Indonesia | 0.0 | 3.5 | 3.0 | 4.0 | 2.5 | 3.5 | 1.0 | 2.0 | 1.0 | 1.5 | 2.0 | 3.5 | 1.86 |
| 75 | 72 | Al Baraka Bank | Pakistan | 0.0 | 2.5 | 2.0 | 2.5 | 3.0 | 5.0 | 0.0 | 0.0 | 2.0 | 3.0 | 1.5 | 4.5 | 1.86 |
| 77 | 85 | Bank Syariah Bukopin | Indonesia | 0.0 | 1.0 | 1.0 | 2.0 | 2.5 | 3.5 | 0.5 | 1.0 | 2.0 | 3.0 | 2.0 | 4.0 | 1.78 |
| 78 | 79 | Bank Panin Dubai Syariah | Indonesia | 0.0 | 1.5 | 1.0 | 2.0 | 2.5 | 0.0 | 0.5 | 0.0 | 3.0 | 4.0 | 2.5 | 3.0 | 1.75 |
| 79 | 47 | Bank Muamalat | Indonesia | 0.5 | 0.5 | 1.0 | 3.5 | 1.8 | 0.0 | 0.5 | 0.0 | 3.0 | 3.5 | 2.5 | 2.5 | 1.74 |
| 79 | 50 | Bahrain Islamic Bank | Bahrain | 0.5 | 2.0 | 2.0 | 2.5 | 2.3 | 1.0 | 2.5 | 2.0 | 2.0 | 2.0 | 1.0 | 3.5 | 1.74 |
| 81 | 84 | Bank BJB Syariah | Indonesia | 0.0 | 2.0 | 1.0 | 2.0 | 2.3 | 5.0 | 0.5 | 0.0 | 0.5 | 3.0 | 2.5 | 4.0 | 1.72 |
| 82 | 83 | Bank Alkhair | Bahrain | 0.0 | 0.5 | 4.5 | 5.0 | 0.5 | 5.0 | 0.0 | 0.0 | 0.0 | 5.0 | 0.0 | 4.5 | 1.66 |
| 83 | 28 | Ithmaar Bank | Bahrain | 1.0 | 1.0 | 1.0 | 0.0 | 1.8 | 0.0 | 1.0 | 0.0 | 2.0 | 5.0 | 1.5 | 2.5 | 1.61 |
| 84 | 52 | Shahjalal Islami Bank | Bangladesh | 0.0 | 0.0 | 0.0 | 0.0 | 4.0 | 0.0 | 1.5 | 3.5 | 3.5 | 1.5 | 2.0 | 0.0 | 1.58 |
| 85 | 58 | Khaleeji Commercial Bank | Bahrain | 0.0 | 1.0 | 3.0 | 4.5 | 2.3 | 0.0 | 0.5 | 2.0 | 4.5 | 1.0 | 0.0 | 4.0 | 1.57 |
| 86 | 59 | Kuwait Finance House | Malaysia | 0.0 | 1.5 | 1.5 | 0.0 | 2.5 | 0.0 | 0.5 | 0.0 | 0.5 | 4.0 | 2.5 | 5.0 | 1.53 |
| 87 | 70 | Palestine Islamic Bank | Palestine | 0.0 | 3.0 | 3.5 | 3.0 | 1.8 | 0.0 | 4.5 | 1.5 | 3.0 | 0.0 | 0.0 | 4.5 | 1.51 |
| 88 | 73 | Qatar First Bank | Qatar | 0.0 | 1.5 | 0.5 | 0.0 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.5 | 1.0 | 5.0 | 1.49 |
| 89 | 56 | Al Rayan Bank | United Kingdom | 0.0 | 3.5 | 1.5 | 0.0 | 4.5 | 0.0 | 1.0 | 0.0 | 0.5 | 3.5 | 0.0 | 3.0 | 1.39 |
| 90 | 100 | Citi Islamic Investment Bank | Bahrain | 0.0 | 2.5 | 0.0 | 0.0 | 2.5 | 5.0 | 5.0 | 3.0 | 2.0 | 0.0 | 0.0 | 0.0 | 1.38 |
| 91 | 87 | Ibdar Bank | Bahrain | 0.0 | 0.5 | 0.5 | 0.0 | 5.0 | 0.0 | 0.0 | 0.0 | 0.5 | 2.0 | 0.0 | 5.0 | 1.19 |
| 92 | 78 | MCB Islamic Bank | Pakistan | 0.0 | 5.0 | 5.0 | 0.5 | 3.5 | 0.0 | 0.0 | 0.0 | 2.0 | 0.0 | 0.0 | 4.5 | 1.10 |
| 93 | 91 | Al Janoob Islamic Bank | Iraq | 0.0 | 4.0 | 5.0 | 0.0 | 5.0 | 0.0 | 0.5 | 0.0 | 1.5 | 0.0 | 0.0 | 0.0 | 1.00 |
| 94 | 90 | Venture Capital Bank | Bahrain | 0.0 | 4.0 | 0.0 | 0.0 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.0 | 0.98 |
| 95 | 98 | ICB Islamic Bank | Bangladesh | 0.0 | 1.0 | 2.0 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.5 | 0.0 | 1.5 | 0.96 |
| 96 | 93 | Safa Bank | Palestine | 0.0 | 5.0 | 5.0 | 0.0 | 2.5 | 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 5.0 | 0.89 |
| 97 | 99 | Maybank Syariah | Indonesia | 0.0 | 0.5 | 0.5 | 0.0 | 5.0 | 0.0 | 0.0 | 0.0 | 1.5 | 0.0 | 0.0 | 0.0 | 0.76 |
| 98 | 95 | Liquidity Management Centre | Bahrain | 0.0 | 0.5 | 0.0 | 0.0 | 5.0 | 0.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.68 |
| 99 | 86 | Elaf Islamic Bank | Iraq | 0.0 | 1.0 | 4.0 | 0.0 | 2.5 | 0.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.48 |
| 100 | 96 | Global Banking Corporation | Bahrain | 0.0 | 0.0 | 0.0 | 0.0 | 2.5 | 0.0 | 0.0 | 0.0 | 2.0 | 0.0 | 0.0 | 0.0 | 0.46 |
Notes:
(1) 5 = Highest, 0 = Lowest.
(2) FDR = financial to deposit ratio. CAR = capital adequacy ratio. Profit = operating profit. ROA = return on assets. Costs = cost to income ratio. Fees = non-financing and investment income to total operating income. Reserves = loan loss reserves to gross non-performing financing. NPF = gross non-performing financing ratio. Liquidity = Liquid assets to total deposits and borrowings.
Source: TABInsights
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