In the following charts, The Banker provides a ranking of the Top 25 institutions by percentage return on assets and also the Top 25 institutions based on pre-tax profits.
This year, rather than including Islamic windows and major international players, the Top 25 focuses on wholly Islamic institutions. Pakistan’s Habib Bank leads the group with a return on assets (RoA) of a healthy 146%.
Kuwait’s Warba Investment Company comes in second with an RoA of 65.6%, with Sudan’s El Nilein Insurance Company at third with 37.3%.
Kuwaiti institutions dominate the Top 25 most profitable table by ROA this year, with nine firms led by Warba, Orient Investment Company and Al Safat Investment Company. Bahrain and Sudan each account for three institutions, while Pakistan and Iran provide two apiece.
In examining the Top 25 institutions by profits, Saudi Arabia’s Al Rajhi Bank is once more at the forefront, producing pre-tax profits of $1722.2m, making it the most profitable Islamic institution in the world.
Kuwait Finance House comes in second with profits of $618.5m, followed by Bank Melli Iran on $542.1m. Again, the most profitable Islamic financial institutions come from the Gulf.
Iran leads the way with six banks, headed by Melli, while the Arab Gulf states of the Gulf Cooperation Council provide most of the remainder.
Kuwait, led by KFH, boasts four institutions along with Qatar. Led by Qatar Islamic Bank it also has four of the leading players. Bahrain (three firms), led by Arcapita Bank and Saudi Arabia, with Al Rajhi and Bank Al Jazira, provide the bulk of the rest.
