Saudi Islamic Banks’ Show Solid Asset Growth in 1H FY2020, Despite COVID-19: The Asian Banker

A recent evaluation by The Asian Banker, analysed the performance of the 100 largest Islamic banks in the world across 23 countries during the COVID-19 pandemic based on results of the first six months of the financial year 2020 (1H FY2020). Total assets of the Islamic banks in the study were valued at USD 1.03 trillion, compared to USD 903.9 billion in the previous year’s evaluation, based on FY 2018 data.

The Asian Banker has developed a scorecard (the Islamic Bank Scorecard) reflecting the balance sheet performance and various influences strengthening the balance sheets of these banks. The scorecard looks at ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. According to the scorecard, Islamic Banks in Saudi Arabia achieve...