World Islamic Banking Competitiveness Report 2013–14 The transition begins

World Islamic Banking
Competitiveness Report
2013–14
The transition begins
Conte
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World Islamic Banking Competitiveness Report 2013–14
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Opening
Foreword
Executive brief
C]qÕf\af_k
?dgZYdaf\mkljqafka_`lk
Performance review
J]Y\q^gjljYfkalagf
Performance outlook
CEO agenda
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Qatar
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Saudi Arabia
EYdYqkaY
Mfal]\9jYZ=eajYl]k
Turkey
World Islamic Banking Competitiveness Report 2013–14
3
Foreword
JYha\%_jgol`eYjc]lkgjJ?EkÈYdj]Y\qYka_faÕ[Yfl
hYjlg^l`]_dgZYd][gfgeqÈYj]k]llgZ][ge]]n]f
egj]aehgjlYfl&9_jgmhg^*-J?Ekoadd[gfklalml]
-(g^l`]ogjd\?<H$+0g^_dgZYd[gfkme]j
kh]f\af_Yf\--g^Õp]\[YhalYdafn]kle]fl$Zq
*(*(&L`]ajk`Yj]g^_dgZYd[gfljaZmlagflg?<H
`Yk\gmZd]\gn]jl`]dYkl\][Y\]Yf\[gflafm]klg
gml_jgo\]n]dgh]\eYjc]lk&>mjl`]j$)(g^l`]k]*-
J?Ek`Yn]YdYj_]EmkdaehghmdYlagf&
Abdulaziz Al-Sowailim
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MENA Region
Gmj[da]flk`Yn]a\]flaÕ]\:Y`jYafYf\kapg^l`]
J?EklgZ]l`]\janaf_^Y[lgjkZ]`af\l`]f]plZa_
oYn]afAkdYea[ÕfYf[]ÈIYlYj$Af\gf]kaY$KYm\a
9jYZaY$EYdYqkaY$M9=Yf\Lmjc]q IAKEML!&
GfYhjgeakaf_fgl]$Zq*()0$l`]k]J?Ek
oaddj]hj]k]fl?<Hg^MK,&0l$Yegkldqqgmf_
hghmdYlagfg^Yjgmf\,)1e$ljY\]Ögokg^MK+&.l
Yf\ZYfcaf_Ykk]lkg^MK.l&
IAKEML[geeYf\]\/0g^l`]afl]jfYlagfYd
AkdYea[ZYfcaf_Ykk]lk)af*()*$_jgoaf_YlY-%q]Yj
;9?Jg^).&,&Oal`]phYf\af_][gfgea]kYf\
Y^Ykl%_jgoaf_[mklge]jZYk]^gjÕfYf[aYdk]jna[]k$
IAKEMLakYfYlljY[lan]hjgkh][l^gjYfqZYfc
dggcaf_lg_jgoalkj]n]fm]k&L`]qYdkghjgna\]
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)
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;]fljYd:Yfck$;gehYfq>afYf[aYdJ]hgjlk$
=QMfan]jk]$=QYfYdqkak
4
World Islamic Banking Competitiveness Report 2013–14
@go]n]j$l`]ÕfYf[aYdhjgkh][lkYf\f]]\kg^
]e]j_af_%eYjc]l[mklge]jkl]f\lgZ]em[`egj]
ngdYlad]l`Yfl`gk]af\]n]dgh]\eYjc]lk&L`ak
[`Ydd]f_]`YkY_jgoaf__dgZYd\ae]fkagf^gjAkdYea[
ZYfck2]fl]jaf_f]oeYjc]lk$ghlaearaf_gh]jYlagfk
Y[jgkkZgj\]jk$Õf\af_l`]ja_`l\a^^]j]flaYlagf
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of talent and capital.
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l`]c]qj]^]j]f[][]fl]jkÈ:Y`jYafYf\EYdYqkaYaf
hYjla[mdYjÈlghjgna\]d]Y\]jk`ah^gjl`]f]plh`Yk]
g^af\mkljqÌkhjg_j]kk&L`]fglagfg^`YdYd][gfgeq$
af[dmkan]_jgol`Yf\\a^^]j]flaYlaf_l`jgm_`
j]khgfkaZd]ZYfcaf_[gmd\Z]l`]_Ye]%[`Yf_]jk
l`YlAkdYea[ZYfcaf_`YkZ]]fdggcaf_^gj&@]f[]$
l`]jak]g^<mZYa$Dgf\gfYf\AklYfZmdYll`ak`gmj
ak\]Õfal]dqYhgkalan]\]n]dghe]fll`Yloadd`]dhlg
jYak]l`]h]j^gjeYf[]ZYj^gjYdd&
=Q`Yk^Y[adalYl]\eYfqg^l`]affgnYlagfkl`]AkdYea[
ZYfcaf_af\mkljq`Ykk]]fgn]jl`]hYkl\][Y\]&O]
`gh]l`]afka_`lkafl`akq]YjÌkj]hgjloaddhjgna\]
egj]^gg\^gjl`gm_`lYkqgmhdYflggh]jYlagfYdar]
qgmj*(),kljYl]_a]k&
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MK)&/l
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17.6%
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economic and political
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lg[gfkme]^g[mkYf\
afn]kle]fl&
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World Islamic Banking Competitiveness Report 2013–14
5
Executive brief
QISMUTÈIYlYj$Af\gf]kaY$KYm\a9jYZaY$
EYdYqkaY$M9=Yf\Lmjc]qÈYj]kapJ?Ek
l`Yl$lg_]l`]joal`:Y`jYaf$Yj]aehgjlYfl
lgl`]^mlmj]afl]jfYlagfYdarYlagfg^l`]
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l`]af\mkljql`Yloadd\jan]l`]f]ploYn]
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eYjc]lk&AkdYea[ZYfckYj]Ydj]Y\qk]jnaf_
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g^o`gej]ka\]afIAKEML&
O]]ph][lAkdYea[ZYfcaf_Ykk]lkoal`
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)1&/gn]j*()+Ç)0Y[jgkkl`]IAKEML
[gmflja]klgj]Y[`MK)&.lZq*()0
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Z]YfaehgjlYfl_jgol`\jan]j$Zjaf_af_
aff]o[`Ydd]f_]klgl`]k]AkdYea[ZYfck&
LjY\]hYll]jfkYj]k`a^laf_\][akan]dqaf
^Yngjg^J?Ek$Yf\IAKEMLoaddZ]l`]
eYbgjZ]f]Õ[aYja]k&:Yfckoal`kljgf_
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k][lgjkYj]k]llg_Yaf&9c]ql`af_lg
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provided.
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O]Z]da]n]l`Yll`]^mlmj]km[[]kkg^AkdYea[
Ashar Nazim
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6
World Islamic Banking Competitiveness Report 2013–14
ZYfckoaddZ]e]Ykmj]\d]kkZq_jgol`
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aehgjlYfl^]Ylmj]k&
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ZYfckYj]Ydj]Y\qafl`]hjg[]kkg^
j]hdY[af_gjmh_jY\af_l`]aj[gj]ZYfcaf_
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gh]jYlagfkafl`]^mlmj]&;YhalYdhdYffaf_
afna]og^:Yk]dAAAYf\A>K:_ma\]daf]koadd
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Z]ll]jhjgÕlYZadalq&9f\$egklAkdYea[ZYfck
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d]Y\]jk`ah[YhYZadala]kYf\Yehd]
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\]jan]mk]^mdafka_`lk^jgel`akj]hgjl
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Jan Bellens
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Key
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World Islamic Banking Competitiveness Report 2013–14
7
C]qÕf\af_k
Growth
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QISMUT growing at 5-year CAGR
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9n]jY_]hjg\m[l`gd\af_g^*&)$ka_faÕ[Yfldqdgo]jl`Yf[dYkk
d]Y\af_Yn]jY_]g^,&1Yf\af\a[Ylan]g^hgl]flaYdmhka\]af^mlmj]
Kgmj[]k2
;]fljYd:Yfck$:EA$;gehYfq>afYf[aYdJ]hgjlk$=QYfYdqkak
8
World Islamic Banking Competitiveness Report 2013–14
1
;gff][lanalq2
c]qlgkmklYafYZd]_jgol`
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afl]jfYlagfYdarYlagfg^l`]AkdYea[ZYfcaf_af\mkljq&
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• K`a^lkafogjd\ljY\]Yf\[YhalYdÖgokj]hj]k]flkYf
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j]ka\af_afIAKEML
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World Islamic Banking Competitiveness Report 2013–14
9
10
World Islamic Banking Competitiveness Report 2013–14
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World Islamic Banking Competitiveness Report 2013–14
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12
World Islamic Banking Competitiveness Report 2013–14
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World Islamic Banking Competitiveness Report 2013–14
13
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World Islamic Banking Competitiveness Report 2013–14
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af[d&AjYf!.(
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UAE
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World Islamic Banking Competitiveness Report 2013–14
15
9kljgf_Z]_affaf_
Egj]AkdYea[ZYfckYj]]phYf\af_aflg`a_`hgl]flaYdeYjc]lk
lgZmad\j]_agfYdZjYf\k&
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hjgkh][lk$ZmlYnYkleYbgjalqZ]da]n]
l`Yll`]km[[]kkg^l`]dYj_]%k[Yd]
gh]jYlagfYdljYfk^gjeYlagf
afhjg_j]kk!akYhj]j]imakal]&
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Y\n]jk]dqY^^][l]\Zqhgdala[kYf\
kg[aYdmh`]YnYd&
:Yfcaf_h]f]ljYlagfYf\AkdYea[eYjc]lk`Yj]
70%
.(
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Turkey
Jordan
UAE
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,-
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India
Bangladesh
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Algeria
Morocco
0
Fgl]2
9fYdqkakaf[dm\]k\ge]kla[ZYfcaf_Ykk]lko`]j]\YlY
oYkYnYadYZd]
16
World Islamic Banking Competitiveness Report 2013–14
).-
:Yfcaf_h]f]ljYlagf
Indonesia
Kgmj[]k2
;]fljYd:Yfck$:EA$H]oJ]k]Yj[b;]flj]$=QYfYdqkak
EYdYqkaY
Qatar
25
50
75
100 125 150 175 200 225
million
)0-
205%
225%
;gfkakl]fldq_Yafaf_
e
Yjc]lk`Yj]
Gf]%Õ^l`g^l`]ZYfcaf_kqkl]eYkk]lkY[jgkkIAKEML`Yn]fgoljYfkalagf]\lgAkdYea[&
AfKYm\a9jYZaY$kmhhdqhmk``Ykk]]fk`Yj]g^AkdYea[ZYfcaf_[jgkk-(g^kqkl]eYkk]lk&
IAKEML
EYjc]lkYj]^Yj^jge`geg_]fgmk&
=Y[`g^l`]eYj]afY\a^^]j]flklY_]
g^eYlmjalq$Yf\`]f[]hj]k]flaf_Y
\a^^]j]flghhgjlmfalq&?jgol`afj]lYad
ZYfcaf_akYeYbgj[gfljaZmlgjlgl`]
gn]jYdd_jgol`&
?jgol`jYl]g^Ykk]lkQGQ*()*
CAGR 2008–12
Qatar
31%
Indonesia
42%
Saudi Arabia
11%
Malaysia
20%
UAE
14%
Turkey
29%
0%
5%
Islamic
10%
15%
20%
25%
30%
Conventional
?jgol`jYl]g^Ykk]lkQGQ*()*
CAGR 2008–2012
Bangladesh
24%
Pakistan
25%
Jordan
19%
Egypt
12%
Kuwait
6%
Bahrain
2%
0
5
Islamic
10
15
20
25
30
35
40
45
50
Conventional
Kgmj[]k2
;]fljYd:Yfck$:EA$=QYfYdqkak
World Islamic Banking Competitiveness Report 2013–14
17
?jgol`afÕfYf[af_2\jan]f
Z
qYkljgf_j]lYadhmk`
=fYZd]\ZqYem[`aehjgn]\\akljaZmlagf[YhYZadalq$Ydl`gm_`ka_faÕ[Yfl_Yhk
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Gmj]klaeYl]kkm__]kll`Yll`]
eYbgjalqg^[&+0eaddagf[mklge]jk
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\]hgkalY[[gmfl&@go]n]j$j]lYad
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?jgol`afÔfYf[af_
Qatar
Indonesia
US$b
US$b
30
14
23%
25
31%
12
20
10
8
15
6
10
4
5
2
0
0
2008
2009
2010
2011
2008
2012
2009
2010
2011
2012
2011
2012
2011
2012
Malaysia
Saudi Arabia
US$b
US$b
90
80
80
9%
70
60
50
50
40
40
30
30
20
20
10
10
0
23%
70
60
0
2008
2009
2010
2011
2012
UAE
2008
2009
2010
Turkey
US$b
US$b
30
6%
50
24%
25
45
40
20
35
30
15
25
20
10
15
10
5
5
0
0
2008
Kgmj[]k2
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Fgl]2
:Yk]\gf\YlY^gjk]d][lan]AkdYea[ZYfckmf\]jgmj[gn]jY_]
18
World Islamic Banking Competitiveness Report 2013–14
2009
2010
2011
2012
2008
2009
2010
FglbmklfmeZ]jk
AkdYea[ZYfcaf_j]^gjeklgZ]\jan]fZqafn]kle]flaflYd]fl$j]_mdYlgjq[dYjalq
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expected core workforce.
World Islamic Banking Competitiveness Report 2013–14
19
D]Y\af_*(AkdYea[ZYfck
Zq[YhalYdarYlagf
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)/AkdYea[ZYfck`Yn]MK)Zf
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for a good platform for organic
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US$b
0
1
2
3
4
5
6
7
8
9
10
CAR
2012
20.0%
13.9%
33.0%
),g^l`]k]ZYfckYj]
`]Y\imYjl]j]\YlIAKEML&
17.4%
21.4%
15.4%
17.4%
18.2%
16.9%
18.5%
18.7%
12.6%
15.7%
13.6%
34.7%
14.8%
18.5%
14.3%
14.7%
2009
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20
World Islamic Banking Competitiveness Report 2013–14
2010–12
24.4%
Managing capital
KmklYafYZd]hjgÕlYZadalqafl`]^Y[]g^]jg\af_eYj_afkoaddj]imaj]ja_gjgmk
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f]n]j^Y[]\km[`afl]fk]hj]kkmj]gfhjgÕlYZadalq
Z]^gj]&Alakegj][`Ydd]f_af_^gj[gfn]flagfYd
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L`]gml[ge]oaddZ]af[j]Yk]\ljYfkhYj]f[qaf
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hgjl^gdagk$]fYZdaf_Z]ll]j\][akagf%eYcaf_gff]o
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AkdYea[ZYfckl`Yl`Yn]j][]fldqmh\Yl]\l`]aj[YhalYd
ghlaearYlagfhdYf`Yn][ge]Y[jgkkeYfqmf^gj]k]]f
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h]j^gjeYf[]e]Ykmj]e]fl&L`ak\]eYf\kk]llaf_
World Islamic Banking Competitiveness Report 2013–14
21
HjgÕlYZadalq
[gflafm]klgdY_
L`]d]Y\af_AkdYea[ZYfckYj]fglf][]kkYjadql`]egklhjgÕlYZd]&Gn]jYdd$d]Y\af_
AkdYea[ZYfckhgkl]\)1dgo]jJG=l`Yf[gehYjYZd][gfn]flagfYdh]]jk&
LgY[`a]n]hjgÕlYZd]_jgol`$
AkdYea[ZYfckf]]\lgZYdYf[]l`]aj
\]kaj]lg]phYf\jYha\dqoal`l`]
f]]\lg\gkg]^Õ[a]fldq&9kYj]kmdl
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af`ge]eYjc]lk$afl]jfYlagfYd
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[YhalYdYf\daima\alqj]imaj]e]flk$
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Total assets — 2012
US$b
80
60
40
20
0
Average ROE 2008 - 2012
0%
15%
D]kkgfk^jgel`]eYjc]l2
o`Yl[Yf`]dh
• ;gddYZgjYlagfoal`ÕfYf[aYdYf\
l]d][geemfa[Ylagf[gehYfa]klg
_jgoY[jgkkeYjc]lkYf\k]_e]flk
• Afn]klaf_af[mklge]jYfYdqla[k
• :]ll]j[YhalYdhdYffaf_l`jgm_`
j]Yda_f]\jakchjg[]kk]k
Yf\[YhalYdhjg\m[lk
Kgmj[]k2
;gehYfq>afYf[aYdJ]hgjlk$=QMfan]jk]$=QYfYdqkak
Fgl]2
=p[dm\]kAjYf
;gmfljqÖY_kj]hj]k]fll`]`ge]eYjc]lg^j]kh][lan]AkdYea[ZYfck
22
World Islamic Banking Competitiveness Report 2013–14
Average
ROE
Average
Ykk]lk
9n]jY_]_jgol`
*((0Ç)*
D]Y\af_AkdYea[Yn]jY_]
)*&.
MK*)Z
15.8%
Comparable conventional average
)-&(
MK/-Z
13.8%
30%
Regulatory clarity key to
AkdYea[ZYfcaf__jgol`
J]_mdYlgjq[dYjalq`YkY\aj][lhgkalan]aehY[lgfl`]\]n]dghe]fl
g^AkdYea[ÕfYf[]
O`qakall`Yl:Y`jYafYf\EYdYqkaY`Yn]km[[]kk^mddq
]klYZdak`]\l`]ek]dn]kYkAkdYea[ZYfcaf_j]^]j]f[]
[]fl]jkoal`gn]j*(eYjc]lk`Yj]o`ad]gl`]jk$
dYf_mak`Yl-gjZ]dgo\]khal]`Ynaf_`Y\Y`]Y\
klYjl7
J]_mdYlgjq[dYjalqakl`]Yfko]j&
=ph]ja]f[]k`gokl`Ylaf[gmflja]ko`]j]l`]
j]_mdYlgjj][g_far]kl`]mfaim]f]kkg^AkdYea[
nk&[gfn]flagfYdZYfcaf_Yf\[j]Yl]kYk]hYjYl]
j]_mdYlgjq^jYe]ogjc^gjAkdYea[ZYfck$l`]af\mkljq
j]khgf\koal`Y[[]d]jYl]\_jgol`Yf\eYjc]lk`Yj]
_Yafk&L`]hYl`lgkm[[]kkafAkdYea[ZYfcaf_ak$
l`]j]^gj]$imal][d]Yj^gj9^ja[YfYf\9kaYf[gmflja]k
l`YlYj]fgogh]faf_mh2]fkmj]j]_mdYlgjq[dYjalq
Yll`]gmlk]ll`jgm_`Y\aklaf[lAkdYea[ZYfcaf_
regulatory framework.
>gjY`a_`dqj]_mdYl]\af\mkljqdac]ZYfcaf_$
l`]dafcZ]lo]]fj]_mdYlgjq[dYjalqYf\af\mkljq
h]j^gjeYf[]k`gmd\fgl[ge]YkYkmjhjak]&L`]j]
Yj]eYfqZ]f]Õlkg^`Ynaf_Y[mklgeak]\j]_mdYlgjq
^jYe]ogjc&L`]af\mkljqdgn]kl`][]jlYaflql`Yl
[ge]koal`k]llaf_[d]Yjjmd]kg^l`]_Ye]&L`]
j]_mdYlgj[YfY\ghl_dgZYdZ]klhjY[la[]kafY
kqkl]eYla[oYqo`ad]hj]hYjaf_l`]j]_mdYlgjq
^jYe]ogjc&9dkg$al[Yf\gkgafYhjgY[lan]eYff]j
jYl`]jl`Yfj]Y[lan]dqYf\afj]khgfk]lg[jakak!&
9k]hYjYl]j]_mdYlgjq^jYe]ogjcYdkgeYc]kal
]Yka]j^gjZYfc]jkÌo`g`Yn]lgaehd]e]fll`]jmd]k&
Afl]j]klaf_dq$Yf\[gfljYjqlg_]f]jYdh]j[]hlagf$l`ak
YdkgeYc]kal]Yka]j^gjl`]j]_mdYlgjkY^l]jl`]afalaYd
`Yj\ogjcg^[j]Ylaf_Yk]hYjYl]^jYe]ogjc&
Kgo`Ylakl`]hjg[]kkg^hmllaf_lg_]l`]jYk]hYjYl]
AkdYea[ZYfcaf_^jYe]ogjc7Gf]g^l`]egklj][]fl
]pYehd]kakl`Ylg^GeYf&L`]gfdq?;;[gmfljq
l`Yl`Y\fglYddgo]\AkdYea[ZYfcaf_mflad]YjdqdYkl
q]Yj$GeYf\][a\]\Yll`]`a_`]kld]n]dlgh]jeal
AkdYea[ZYfcaf_af*()*&L`];]fljYd:Yfcg^GeYf
\]n]dgh]\Y[gehj]`]fkan].((%hY_]j]_mdYlagfkaf
kapegfl`kÌlae]&L`]j]_mdYlagfk\j]oafhmlk^jge
l`]^gddgoaf_2
Kg`YaZMeYj
• =paklaf_[gfn]flagfYdZYfcaf_^jYe]ogjcZYk]\gf
GeYfa:Yfcaf_DYoYf\:Yk]dAA_ma\]daf]k o`]j]
l`]q\gfgl[gfljY\a[lK`YjaÌY!
• K`YjaÌY$_gn]jfYf[]Yf\Y[[gmflaf_klYf\Yj\k
g^l`]99GA>A
• A>K:_ma\]daf]kgf[YhalYdY\]imY[qYf\jakc
management
• D]Y\af_hjY[la[]kgfK`YjaÌY_gn]jfYf[]^jge
Yjgmf\l`]ogjd\
DaZqY$AjYi$LmfakaY$C]fqYYf\Fa_]jaYYj]Yegf_
l`][gmflja]kk`goaf_c]]fafl]j]klafgh]faf_
mhlgAkdYea[ZYfcaf_&CYrYc`klYf$LYbacaklYf
Yf\9r]jZYabYfYj]Ydkgegnaf_afl`Yl\aj][lagf&
L`]_gn]jfe]flkYf\j]_mdYlgjkafl`]k][gmflja]k
ogmd\\go]ddlg[j]Yl]Y\aklaf[lj]_mdYlgjq
^jYe]ogjcYll`]gmlk]l&L`akakl`]egkldac]dqjgml]
^gjY[[]d]jYl]\$q]lkmklYafYZd]$_jgol`g^l`]AkdYea[
ZYfcaf_af\mkljq&
World Islamic Banking Competitiveness Report 2013–14
23
Sukuk innovation
>jgeMK-Zf]oakkm]kaf*((+lgMK)+(Zaf*()*ÈEYdYqkaY
akl`]d]Y\af_eYjc]l&
Kgmj[]k2
RYoqY$L`gekgfJ]ml]jk$:dggeZ]j_Yf\=QYfYdqkak
24
World Islamic Banking Competitiveness Report 2013–14
@aklgja[YdKmcmcakkmYf[]
140
800
120
700
500
80
400
60
300
40
200
20
100
0
0
2004
2005
2006
2007
2008
Volume (US$b)
2009
2010
2011
2012
2013
YTD
Number of issues
600
100
Volume US$b
I+*()*kYol`]\]Zmlg^l`]Õjkl
AkdYea[:Yk]dAAA[gehdaYflLa]jA
kljm[lmj]$[dgk]dq^gddgo]\afI)
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^jgel`]M9=$km[[]kk^mddqjYakaf_
MK)Z]Y[`&L`]kljm[lmj]oYk
ZYk]\gfl`]gd\Em\YjYZY
kljm[lmj]oal`Ykda_`lnYjaYlagf
o`]j]l`]Em\YjaZaf\]efaÕ]kl`]
afn]klgjka^alkg[`ggk]kÈYddgoaf_
full return of original capital at
l`]ghlagfg^l`]Em\YjaZ&L`ak
kljm[lmj]`Ykkaf[]Z]]fj]nak]\lg
Y\Yhllg[gjhgjYl]koal`l`]ghlagf
of a cumulative coupon.
;`Ydd]f_af_l`]kljm[lmj]
<]nadakafl`]\]lYadkÈd]_Yddq]f^gj[]YZd]ÉghlagfYdalqÊ[Yfeaea[[YhalYd
hjgl][lagf%dac]Z]`Ynagmj^gjEm\YjYZYYf\Emk`YjYcYkljm[lmj]k&
J][]flY[lanalq`Ykk]]fakkmYf[]g^k]n]jYd`qZja\
kmcmckl`YlimYda^qYkLa]jA;YhalYdh]j:Yk]dAAA
_ma\]daf]k&Af=QÌk\ak[mkkagfkoal`[da]flkYf\
k[`gdYjk$Yfafl]j]klaf_im]klagf`YkZ]]fjYak]\
Yklgl`]nYda\alqg^l`]k][mjalq^jgeYdaima\Ylagf
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K[`gdYjkaf*((0\akYddgo]\l`]j]%hmj[`Yk]'
hmj[`Yk]mf\]jlYcaf_g^l`]Ykk]lkmf\]jEm\YjYZY
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YleYjc]lnYdm]&L`akeY\]l`]ljYfkY[lagf
mfkmklYafYZd]^gjÕp]\af[ge]hjg\m[ldac]kmcmc
kaf[]l`]`gd\]jkg^l`]kmcmco]j]kmZb][llg
]imalqjakcgfl`]ZYkakg^l`]eYjc]lnYdm]g^l`]
Emk`YjYcY'Em\YjYZYYkk]lYll`]lae]g^eYlmjalq&
mf\]j[]jlYaf[aj[meklYf[]k&Afl`][gmjlk$l`aklqh]
g^af\]efalqhjgnakagfakd]_Yddq]f^gj[]YZd]&@]f[]al
eYqZ]Yj_m]\l`Yl$_gaf_^gjoYj\$Emk`YjYcY
Yf\Em\YjYZYeYqZ]mk]\YkYÕp]\af[ge]
afkljme]flk&
A^l`]K`YjaÌYk[`gdYjkYj]kYlakÕ]\l`YlYfaf\]efalq
akfgll`]kYe]YkYhmj[`Yk]mf\]jlYcaf_lgZmqYl
fgeafYdnYdm]$l`]fl`akYddgok^gjl`gk]akkm]jko`g
Yj]mfYZd]lgakkm]AbYjYkmcmc Z][Ymk]l`]qeYq
fgl`Yn]km^Õ[a]fllYf_aZd]Ykk]lk^gjkljm[lmjaf_!lg
mladar]l`akÉaf\]efalqÊ[gf[]hllgYddgoEmk`YjYcY
Yf\Em\YjYZY[gfljY[lkYknaYZd]Õp]\af[ge]
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to give a verdict.
Fa\YJYrY
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`Ykl`]ghlagflgaf\]efa^ql`]kmcmc`gd\]jka^
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gja_afYdEm\YjYZY;YhalYd$Yf\hYql`]k`gjl^Ydd
World Islamic Banking Competitiveness Report 2013–14
25
Primary Sukuk
akkmYf[]*()+
Germany
China
•1
• 55
Luxembourg
•3
• 275
Pakistan
•1
• 20
•1
• 419
Singapore
Gambia
• 525
• 76,914
• 49
• 46
Saudi Arabia
Turkey
• 20
• 14,491
•7
• 4,770
UAE
Kuwait
•2
• 44
• 12
• 6,818
Indonesia
• 53
• 6,718
United Kingdom
•1
• 11
• Number of issues
• Total size of issues (US$m)
Qatar
•8
• 2,274
Bahrain
• 25
• 1,585
Kgmj[]k2
RYoqY$L`gekgfJ]ml]jkYf\:dggeZ]j_
26
World Islamic Banking Competitiveness Report 2013–14
•3
• 423
Malaysia
Brunei Darussalam
• 14
• 1,085
Maldives
•1
•3
World Islamic Banking Competitiveness Report 2013–14
27
28
World Islamic Banking Competitiveness Report 2013–14
J]Y\q^gj
ljYfkalagf
World Islamic Banking Competitiveness Report 2013–14
29
IAKEML
Kljgf_^mf\Ye]flYdk
=YkloYj\k`a^lafl`]][gfgea[É[]fl]jg^_jYnalqÊlg\jan]Ykljgf_]j
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=[gfgeq
,&0l
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annum. Average per
capita income range
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Yf\MK)(+$(((&
:YfcYZd]
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total population
af]p[]kkg^,)1
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eaddagfZ]lo]]fl`]
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:YfcYZd]hghmdYlagf
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kladdem[`dgo]jl`Yf
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hjY[la[]kYf\akYdkg
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+&.l
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^gjl`]kapeYjc]lk
oaddaf[j]Yk]Zq
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current decade.
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opportunity.
Kgmj[]k2
?dgZYdAfka_`l$=QYfYdqkak
30
World Islamic Banking Competitiveness Report 2013–14
:Yfcaf_
h]f]ljYlagf
13
;gff][lanalqY[jgkkeYjc]lkYf\
[gddYZgjYlagfklg[j]Yl]kqf]j_qg^
]ph]jlak]$lg]ph]\alagmkdqY\\j]kk
h]fl%mh\]eYf\Y[jgkkf]o
k]_e]flkYf\eYjc]lk&
Hammad Younas
In addition to QISMUT
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eYjc]lk$)+f]o
bmjak\a[lagfkYj]
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or regulatory
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banking.
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akj]imaj]\lgkmklYaf
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and Africa could be unnerving for
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l`ak keYdd!oaf\gog^ghhgjlmfalqlg`]dh\jan]Yf\kmklYafhjg\m[l\]n]dghe]fl]^^gjlk&
World Islamic Banking Competitiveness Report 2013–14
31
AfÖm]f[af_^Y[lgjk
Impact
of macro
and micro
environmental
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Y`]Y\
32
World Islamic Banking Competitiveness Report 2013–14
Enabling job creation
LjYfk^gjeaf_ZYfckÌ
gh]jYlagfk
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digital banking economy
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on price only
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World Islamic Banking Competitiveness Report 2013–14
33
LjYfkalagfYf[`gj]\ZqY
growing number of credible
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Dubai
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provider
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A legal
framework
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market
A favourite
lgmjake
center for
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world
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digital
economy
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platform
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capital for
AkdYea[
^Yk`agf$
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and
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eYf\Yl]^gjalk]d^&Km[[]kk^gj<mZYaoaddjYak]l`]
h]j^gjeYf[]ZYjY[jgkkl`]AkdYea[ÕfYf[]eYjc]lk
afl]jfYlagfYddq&HjaeYjqjakcakl`]imYdalqg^]p][mlagf&
34
World Islamic Banking Competitiveness Report 2013–14
Istanbul
LjYfkalagfYf[`gj]\ZqY
growing number of credible
j]^]j]f[][]fl]jk
9k]ja]kg^kgn]j]a_fkmcmcakkmYf[]k`YkÕjedqhmlLmjc]q
gfl`]ogjd\eYhg^AkdYea[ÕfYf[]ÈeYfqafklalmlagfkYj]
Õjkl%lae]afn]klgjkafLmjc]q&
Ogjd\:YfcYf\Lmjcak`Lj]YkmjqYj]lgk]lmh?dgZYdAkdYea[
>afYf[]<]n]dghe]fl;]fl]j3AklYfZmdklg[c]p[`Yf_]akYdkg
_gaf_lgk]lmhAkdYea[ÕfYf[]j]k]Yj[`^Y[adalq&
Lmjcak`hYjla[ahYlagfZYfck[gflafm]lggmlh]j^gje_dgZYd
af\mkljqgfhjgÕlYZadalq&
Oal`gfdq^gmjhYjla[ahYlagfZYfckk]jnaf_l`]fYlagf$
l`]kmhhdq%ka\]Zglld]f][cak`gd\af_ZY[cl`]af\mkljq&
9[lmYdaraf_l`]^mddhgl]flaYdg^hYjla[ahYlagfZYfcaf_
j]imaj]kaf[j]Yk]\j]_mdYlgjq[dYjalqYf\f]oÕfYf[aYd
afklalmlagfk ZYfcaf_$lYcY^mdYf\^mf\eYfY_]e]fl!&
World Islamic Banking Competitiveness Report 2013–14
35
Kuala Lumpur
LjYfkalagfYf[`gj]\ZqY
growing number of credible
j]^]j]f[][]fl]jk
;gfkakl]fl$\]l]jeaf]\hjg_j]kklgljYfk^gjeAkdYea[ZYfcaf_
aflgeYafklj]YehdYqZq*(*(
Kljgf_$nakaZd]kmhhgjl^jgel`]?gn]jfe]flgfd]_akdYlan]
Yf\j]_mdYlgjqYkh][lk2AkdYea[>afYf[aYdK]jna[]k9[l*()+
enacted
Ogjd\d]Y\]jafAkdYea[kmcmceYjc]l
EYbgjlYd]flafalaYlan]kdYmf[`]\2AF;=A>$AKJ9$
A:>AE3ÕfYf[aYdk][lgjj]imaj]k[&++ gj-.$(((!
Y\\alagfYdogjc^gj[]\mjaf_l`][mjj]fl\][Y\]
9[lan]dqkmhhgjlaf_f]obmjak\a[lagfkl`YlYj]gh]faf_
^gjAkdYea[ÕfYf[]
?gaf_^gjoYj\$kmklYafaf_l`akkljgf_h]j^gjeYf[]
j]imaj]kkljm[lmjYdljYfk^gjeYlagfg^l`]\ge]kla[
afklalmlagfk&AkdYea[gmlÕlkg^[gfn]flagfYdZYfckf]]\
lgj]%]nYdmYl]l`]ajZjYf\klYf\af_$[YhalYdhdYfYf\
YZadalqlgafÖm]f[]l`]kljYl]_a[\aj][lagfg^[gfn]flagfYd
hYj]fl&Gmjna]oak$kljYl]_a[Yf\ÕfYf[aYdaf\]h]f\]f[]
g^AkdYea[kmZka\aYja]koadd`]dh&
36
World Islamic Banking Competitiveness Report 2013–14
London
LjYfkalagfYf[`gj]\ZqY
growing number of credible
j]^]j]f[][]fl]jk
MC]klYZdak`]\l`]Õjkl]n]jeafakl]jaYd%d]\AkdYea[>afYf[]
LYkc>gj[]$bgafldq[`Yaj]\Zq:Yjgf]kkOYjkaYf\l`]
>afYf[aYdK][j]lYjqlgl`]Lj]Ykmjq&
9da_faf_lYpYf\j]_mdYlgjq^jYe]ogjcakYegf_lghhjagjalq$
Y[[gj\af_lgklYl]\_gYdk&
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ÕfYf[]kgdmlagfk&Dgf\gfÌkkcqdaf]`YkZ]]fljYfk^gje]\
ZqK`YjaÌY[gehdaYfl\]YdkÈaf[dm\af_l`]K`Yj\$;`]dk]Y
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kmcmcYf\afljg\m[]K`YjaÌYaf\]pgfDgf\gfKlg[c
=p[`Yf_]&
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[`Ydd]f_]^gjfgo&
World Islamic Banking Competitiveness Report 2013–14
37
Manama
LjYfkalagfYf[`gj]\ZqY
growing number of credible
j]^]j]f[][]fl]jk
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af\mkljql`jgm_`ZggeYf\e]dl\gofk
OYi^>mf\2hjgeglaf_j]k]Yj[`Yf\\]n]dghe]fl]^^gjl
l`jgm_`af\mkljqjgmf\lYZd]k[`Yaj]\Zq[]fljYdZYfc
LYd]fl`mZ^gjÕfYf[aYdk]jna[]koal`egj]l`Yf,((AkdYea[
Yf\[gfn]flagfYdÕfYf[aYdafklalmlagfk
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af\mkljqakYfgh]f[`Ydd]f_]lghgda[qeYc]jkYf\
AkdYea[ZYfc]jklghjgna\]f]ogmldggckYf\egj]
]^^][lan]kgdmlagfk&
38
World Islamic Banking Competitiveness Report 2013–14
World Islamic Banking Competitiveness Report 2013–14
39
40
World Islamic Banking Competitiveness Report 2013–14
H]j^gjeYf[]
gmldggc
World Islamic Banking Competitiveness Report 2013–14
41
Af\mkljqaf*()0Á
Yhgl]flaYdk[]fYjag
9f]klaeYl]\MK)&.lafYkk]lkYf\oal`Y,0k`Yj]g^ZYfcaf_kqkl]e
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=ph][lY;9?Jg^)1&/l`jgm_`*()+Ç)0$oal`lglYdYkk]lkj]Y[`af_MK)&.l
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EYaf\]h]f\]f[a]k^gjl`ak_jgol`Yj]2][gfgea[klYZadalqaf[]jlYafAkdYea[ÕfYf[]
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l`]f]plh`Yk]g^\]n]dghe]fl3Yf\[gff][lanalqY[jgkk`a_`%_jgol`eYjc]lkYf\
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42
World Islamic Banking Competitiveness Report 2013–14
AkdYea[ZYfcaf_hjgÔlhggdY[jgkkIAKEML]klaeYl]\
YlMK1&,Zaf*()*
:q*()0$AkdYea[ZYfcaf_hjgÕlhggd[gmd\j]Y[`MK*.&,Z
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AkdYea[ZYfcaf_hjgÔlhggdÇIAKEML
35
30
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20
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5
0
2012
2018
Kgmj[]k2
;gehYfq>afYf[aYdJ]hgjlk$=QYfYdqkak
World Islamic Banking Competitiveness Report 2013–14
43
L`]ljYfkalagflgkg[aYddq
mk]^mdZYfcaf_
Afn]kl
j]khgfkaZdq
Kg[aYddqj]khgfkaZd]
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]l`a[Yd[gfka\]jYlagfk
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D]n]jY_]dgo%[gkl$dgf_%l]jerYcYl$oYi^Yf\
_gn]jfe]fl^mf\klg\an]jka^qlgeYkkeYjc]l
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9kk]lkljYl]_qlghYkkgf^mf\af_[gklY\nYflY_]
lghjgegl]af[dmkan]_jgol` mfdac]ljY\alagfYd
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k]_e]flklgZ]f]Õl^jge`a_`]jeYj_afYdj]lmjfk!
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kg[aYdYf\_gn]jfYf[]!
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• =klYZdak`]kY_gn]jfe]fln]flmj]
[YhalYd^mf\lgafn]klafKJAZmkaf]kk]k
Rauf Rashid
44
World Islamic Banking Competitiveness Report 2013–14
HYmkaf_lg_jgoY_Yaf
Gh]jYlagfYdljYfk^gjeYlagfl`YlklYjl]\af*())Ç)*Yf\oaddlYc]Yl
d]Ykl*Ç+q]Yjklg[gehd]l]$lg\jan]Ykljgf_]jAkdYea[ZYfcaf_k][lgj
9kk]l_jgol`
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by improved
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partly due to
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=QYfYdqkakg^k]d][lan]ZYfckYf\eYjc]lk
World Islamic Banking Competitiveness Report 2013–14
45
=flj]hj]f]mjaYdÕfYf[]lgkmhhgjl
ea\\d]eYjc]lYf\keYddZmkaf]kk]k
could be a key differentiator
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Z]]f[j]Yl]\YkYj]kmdlg^l`]af[j]Yk]\`mj\d]k
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_jgol`%j]dYl]\Z]f]ÕlkYkkg[aYl]\oal`KE=k$hgda[q
eYc]jkogjd\oa\]`Yn]Z]_mflYcaf_YnYja]lq
g^kl]hklg]f[gmjY_]l`]\]n]dghe]flg^]imalq
9[[]kklgÕfYf[]^gjKE=kakegj][gfkljYaf]\afl`]
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Mfan]jkalqg^FYnYjjY$KhYaf$Yf\khgfkgj]\Zq=Q
46
World Islamic Banking Competitiveness Report 2013–14
<jan]kbgZ[j]Ylagf$affgnYlagf
Yf\kljgf_][gfgea[Y[lanalq
KYm\a9jYZaY$M9=Yf\Bgj\Yflg/(af=_qhl$Yf\
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Yll`akklY_]l`]?;;@FOÌkY[[]kklghjg^]kkagfYddq
afl]je]\aYl]\keYdd'ea\%[Yh afl]jfYlagfYdgj
j]_agfYd!ljYfkY[lagfkak]p[]hlagfYddqdaeal]\$Ydegkl
Zgj\]jaf_gfZ]af_fgf%]pakl]fl&L`]ghhgjlmfalqak
lg]klYZdak`keYdd%la[c]l]imalqhdYl^gjeklgh]f]ljYl]
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World Islamic Banking Competitiveness Report 2013–14
47
48
World Islamic Banking Competitiveness Report 2013–14
Mobile
banking
Capital
planning
Customer
transformation
;=GY_]f\Y
World Islamic Banking Competitiveness Report 2013–14
49
LjYfk^gjeYlagf^gj
AkdYea[j]lYadZYfck
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egj]afl]j^Y[]k&G^l]fl`]qdY[ck[Yd]][gfgea]k$
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d]Y\af_,&1hjg\m[lkh]j[mklge]jg^]klYZdak`]\
[gfn]flagfYdafklalmlagfk&9lYj_]l]\[jgkk%k]dd
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50
World Islamic Banking Competitiveness Report 2013–14
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and target
customers
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Abid Shakeel
World Islamic Banking Competitiveness Report 2013–14
51
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o`qfgo7
What Islamic banks need
Capability from segmentation
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banking
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planning
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transformation
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Needs-based selling
Mature customer insights from data analytics
Identifying customer needs
Increased sales per meeting for sales advisers
Profitable product suite
Develop a product suite for different segments
Relevant product range to attract
quality customers
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and profitability of customers
Marketing mix across channels
Approach the right customers with
the right products at the right time
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engagement and satisfaction
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Mohammed Khan
52
World Islamic Banking Competitiveness Report 2013–14
Mobile
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World Islamic Banking Competitiveness Report 2013–14
53
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54
World Islamic Banking Competitiveness Report 2013–14
Mobile
banking
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transformation
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World Islamic Banking Competitiveness Report 2013–14
55
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Shoaib Qureshi
56
World Islamic Banking Competitiveness Report 2013–14
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Selim Elhadef
World Islamic Banking Competitiveness Report 2013–14
57
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l`YfY\nYf[]\][gfgea]k *(((Ç)(!&
• Gn]j*())Ç*($J?Ek_jgol`oadd[gflafm]lggmlhY[]
Y\nYf[]\][gfgea]kZqf]Yjdq+&-Yq]Yj&
• J?EkoaddY[[gmfl^gj+0g^ogjd\[gfkme]jkh]f\af_
Yf\--g^Õp]\[YhalYdafn]kle]fl&
Capital
planning
Customer
transformation
• =phgjlk^jgeJ?Ek[gfklalml])(g^l`]ogjd\?<H$`Ynaf_
\gmZd]\afl`]dYkl\][Y\]&:q*(+($l`]ajk`Yj]oaddYhhjgY[`
*(gj\gmZd]l`Ylg^Y\nYf[]\][gfgea]k&
• EY[`af]jqYf\ljYfkhgjl]imahe]floaddeYc]l`]dYj_]kl
k][lgj[gfljaZmlagflgljY\]gn]jl`]f]pl)(q]Yjk&
Gmj[mjj]flk`Yj]g^ljY\]ÕfYf[]Zmkaf]kk
akgf]%l`aj\g^gmj\m]k`Yj]&K[Yd]Yf\
af^jYkljm[lmj]Zgl`Yj]f]]\]\&O]]ph][l*(),
oaddZ]YZgmlklj]f_l`]faf_l`]hdYl^gje&
?;;AkdYea[ZYfc]j
Kgmj[]k2
=QYfYdqkak
58
World Islamic Banking Competitiveness Report 2013–14
Mobile
banking
Capital
planning
Customer
transformation
?jgol`jYl]g^ljY\]Õgok af\]p]\Yl*())!
200
200
150
150
100
100
50
50
0
0
2012
2013
2014
2015
QISMUT trade flows
2016
2017
2018
World trade flows
Houssam Itani
Kh][aYdar]\ljY\]ÕfYf[][]fl]jklgk]jn]Yk^mddq]imahh]\
`mZkoal`l][`fgdg_q$j]kgmj[]kYf\Yml`gjalqlgY[lYk
gf]%klghk`gh^gjljYfkY[lagf]p][mlagf&
*LCs and
*LGs
A\]Yddq$Y[mklge]jogmd\oYfllg
]p][ml]Zmdcg^l`]\g[me]flkafgf]
_g$afkl]Y\g^ka_faf_nYjagmkAkdYea[
[gfljY[lkYl\a^^]j]flklY_]kg^l`]
ljYfkY[lagf&
Hjg\m[laffgnYlagfakj]imaj]\lg
\]n]dghhjg\m[lkZYk]\mhgfeYfq
\a^^]j]flAkdYea[[gfljY[lk$o`a[`ak
]Ykq^gj[mklge]jklgmf\]jklYf\Yf\
]p][ml]$kh][aYddq^gj]phgjlÕfYf[]Yf\
d]ll]jg^[j]\al\ak[gmflaf_&
"D?ÈD]ll]jg^?mYjYfl]]
D;ÈD]ll]jg^;j]\al
>PÈ>gj]a_f]p[`Yf_]
Kgmj[]k2
=QYfYdqkak
Customer
ease of doing
business
Treasury
Product
innovation
Trade
finance
Seamless
process
functionality
Working
capital
International
connectivity
*F/X
hedging
Lj]YkmjqYf\ljY\]ÕfYf[]kgdmlagfkYj]
Ykljgf_Õl^gj[jgkk%k]ddaf_hmjhgk]k&
;mjj]f[q`]\_]Yf\YnYadYZadalqg^
^gj]a_f[mjj]f[a]kakYc]q^Y[lgjaf
j]h]YlkYd]k^gjljY\]ÕfYf[]Zmkaf]kk&
;gjj]khgf\]flZYfcaf_j]dYlagfk`ahkYj]l`]\janaf_
^gj[]Z]`af\Yfqkm[[]kk^mdljY\]ÕfYf[]Zmkaf]kk&
J]_mdYlgjq[gehdaYf[]akfgol`]hjaeYjq[gfka\]jYlagf
Ydgf_ka\]ÕfYf[aYdYf\gh]jYlagfYdY_adalqg^[gjj]khgf\]fl
ZYfcaf_j]dYlagfk`ahk&
World Islamic Banking Competitiveness Report 2013–14
59
:Yk]dAAAYf\aehY[lgf
capital planning
Mobile
banking
Capital
planning
Customer
transformation
AehY[lg^:Yk]dAAAgf[YhalYdjYlagkakj]\m[lagfg^[&+^gjAkdYea[ZYfckmf\]jgmj
[gn]jY_]&HYjlg^l`ak[YfZ]Y\\j]kk]\l`jgm_`]^Õ[a]fl[YhalYdhdYffaf_&
C]qkgmj[]kg^[`Yf_]
• Daeal]\j][g_falagfg^eafgjalqafl]j]kl$
9L)"Yf\L*""[YhalYd
;YhalYdaehY[l kYehd]g^?;;AkdYea[ZYfck!
20.0%
18.0%
• Kljaf_]flj]klja[lagfkgf9L)Yf\L*]da_aZadalq
16.0%
• 9\\alagfYd\]\m[lagfk^jge[YhalYd2
14.0%
• Af[j]Yk]af[YhalYd[`Yj_]^jge;;J"""
Yf\eYjc]ljakc :Yk]d*&-!
2.7%
3%
1.2%
12.0%
10.0%
8.0%
15.9%
14.3%
6.0%
4.0%
2.0%
0.0%
Capital (Basel II)
Capital (Basel III)
Tier2
"9L)È9\\alagfYdla]j)
""L*ÈLa]j*
""";;JÈ;gmfl]jhYjlq[j]\aljakc
Kgmj[]k2
=QYfYdqkak
60
World Islamic Banking Competitiveness Report 2013–14
Tier1
paklaf_La]j*afkljme]flk$
=
af[dm\af_kmcmck$Yj]afegkl[Yk]k
fgf%]da_aZd]mf\]j:Yk]dAAA
Maged Fanous
Mobile
banking
Capital
planning
Customer
transformation
EYfqAkdYea[ZYfckf]]\lgj]na]oYf\klj]f_l`]fl`]aj[YhalYdhgkalagf$gf[]
j]nak]\[YhalYdj]_mdYlagfakakkm]\ZqfYlagfYdYml`gjala]kaff]Yj^mlmj]&
AkdYea[ZYfckÌ^g[mkk`gmd\Z]gf[YhalYd
ghlaearYlagfl`jgm_`l`]j]na]og^
l`]ajafl]jfYdhjg[]kk]kYf\l`jgm_`
l`]ghlaeYd[YhalYdkljm[lmj]
O]Yj]k]]af_af[j]Yk]\\]eYf\^gj
]da_aZd]La]j*AkdYea[[YhalYdafkljme]flk
;YhalYd9\]imY[qJYlagmf\]j:Yk]dAAA kYehd]g^?;;
AkdYea[ZYfck!
35%
30%
25%
FYlagfYdDaima\alq?ma\]daf]kYj]kladdmf\]j
\]n]dghe]flafeYfqg^l`]c]qAkdYea[
ÕfYf[]eYjc]lk&
9egf_gl`]jk$eYbgj[`Ydd]f_]k^gjAkdYea[
ZYfckYj]2
• Daeal]\YnYadYZadalqg^Ë`a_`%imYdalqÌ
[gehdaYflYkk]lk
• Daeal]\ljY\af_ngdme]kYf\imYflala]k
g^j]imaj]\[gehdaYflafkljme]flk
20%
15%
10%
5%
0%
0
Kgmj[]k2
?dgZYdAfka_`l$=QYfYdqkak
12% Min. Cap Req.
CAR (B3) — Estimate
FYlagfYdj]_mdYlgjklg
aehd]e]fl:Yk]dAAAdaima\alq
j]imaj]e]flk^gjAkdYea[
ZYfckafYoYql`Ylj][g_far]k
af\mkljqdaealYlagfk
World Islamic Banking Competitiveness Report 2013–14
61
Mobile banking
EgZad]ZYfcaf_akgf]g^l`]Õn]egkl\akjmhlan]e]_Ylj]f\k$_gaf_aflg
*(),È=Qkmjn]q&
EgZad]egf]qhmj[`Yk]k$ljYfk^]jk$ÕfYf[af_
hYqe]flkYf\gl`]jÕfYf[aYdk]jna[]kÈYj]`]j]lg
klYq&Eaddagfk$a^fglZaddagfk$g^[mklge]jkoadd`Yn]al
fggl`]joYq&
Afl`]]e]j_af_ogjd\$h]ghd]oal`gmlZYfcY[[gmflk
oYfllgmk]l`]ajh`gf]klgÉ\gÕfYf[]ÊnaYl]pl
e]kkY_]kgjZjgok]jkg^loYj]&L`]q[YffglY^^gj\
lgoYal^gjZYfcZjYf[`]kYf\9LEklgYhh]Yjo`]j]
egZad]h`gf]kYf\dg[Yde]j[`YflkYj]Ydj]Y\qaf
hdY[]Yf\j]Y\qlgk]jn]ZYfckÌljY\alagfYd^mf[lagfk&
Afegj]eYlmj]eYjc]lk$e]Yfo`ad]$eaddagfkg^
keYjlh`gf]gof]jkYj]_]llaf_Y[[mklge]\lg
mkaf_Zjgok]jk$\]\a[Yl]\YhhkYf\f]YjÕ]d\
[geemfa[Ylagfl][`fgdg_qlgZmqYf\k]dd$Yf\lg
k]f\egf]q&=n]jegj]Y[[mklge]\lgmkaf_l`]aj
keYjlh`gf]k^gj]n]jql`af_$l`]qk]]fgj]Ykgfl`Yl
ÕfYf[]k`gmd\Z]Yf]p[]hlagf&
Af]e]j_af_eYjc]lk$=QZ]da]n]kl`YlegZad]
egf]qg^^]jkghhgjlmfalq^gjl`]]phYfkagfg^
hYjla[ahYlagfoal`afl`]hYqe]flkqkl]ek$l`]YZadalq
lg^Y[adalYl]hYqe]flkafo`a[`ZYjja]jk`Y\]pakl]\$
Yf\lg]n]flmYddq]ngdn]lgYddgol`]ÉZYfcaf_Êg^
af\ana\mYdko`g`Yn]fglZ]]fYZd]lg]fl]jl`]
ÕfYf[aYdk]jna[]kk][lgjafl`]hYkl&>gjAkdYea[
ÕfYf[]hjgna\]jk$l`]egZad]j]ngdmlagfakY[`Yf[]
lgj]Y[`f]o[mklge]jkYf\Zjaf_l`]elggl`]j
ZYfcaf_k]jna[]k$Yf]oeYjc]loal``mf\j]\kg^
eaddagfkg^hgl]flaYd[da]flk&
@]f[]$l`]ZYlld]^gjl`]]d][ljgfa[oYdd]lakgf$
Yf\alakfglYlYdd[d]Yjo`]l`]jZYfckoaddoafal&
62
World Islamic Banking Competitiveness Report 2013–14
L`]q`Yn]kge]c]qY\nYflY_]k2]ph]ja]f[]oal`
l`]j]_mdYlagfkYf\k][mjalqf][]kkYjqlg`Yf\d]
Y[[gmflk$hdmkl`]ljmklg^[gfkme]jko`gYj]
Y[[mklge]\$Y^l]jYdd$lgZYfcaf_oal`ZYfck&:ml$
l`]qYdkg`Yn]kge]`Yf\a[Yhk$afl`]^gjeg^d]_Y[q
kqkl]ekYf\YdY[cg^^YeadaYjalqoal`l`]`Yj\oYj]
Yf\kg^loYj]g^l`]\a_alYdogjd\&
Kge]AkdYea[ZYfck`Yn]j]khgf\]\Zq`gd\af_
ZY[c&AlakYj]Y[lagfeY\]]Yka]jZql`]^Y[ll`Yl
egZad]egf]qakfglq]lYkoal[`af_akkm]^gjegkl
[mklge]jk&
Gl`]jk`Yn]\][a\]\l`Yll`]qf]]\lgZ]j]Y\q
Zml\gfgl`Yn]l`]j]kgmj[]kgjZmkaf]kkhdYflg
bmkla^qkljacaf_gmlgfl`]ajgof&L`]qeYq[`ggk]
lgkhj]Y\l`]jakco`ad][jYfcaf_mhl`]hgl]flaYd
Yf\af[j]Ykaf_kh]]\%lg%eYjc]lZqhYjlf]jaf_oal`
[gehd]e]flYjqk]jna[]hjgna\]jk&L`]k]Yj]l`]
afklalmlagfkl`Yl$afbgafaf_oal`gl`]j[gehYfa]k$Yj]
[j]Ylaf_f]o`qZja\k2[geZafYlagfkg^l]d][gekYf\
ZYfck$gjj]lYad]jkYf\ZYfck$gj]n]fkg[aYde]\aY
kal]kYf\YZYfc&
L`]d]Y\af_AkdYea[ZYfckYj]jgddaf_gml\]\a[Yl]\
YhhkYf\k]]caf_hYjlf]jk^gjegZad]egf]q
]ph]jae]flk&
9ea\Yddl`]mf[]jlYaflq$gf]l`af_ak[d]YjÈY^l]j
\][Y\]kg^kh][mdYlagf$l`]]jYg^egZad]%egf]q`Yk
ÕfYddqYjjan]\&A^fglfgo$l`]fkggf$]n]jqAkdYea[
ZYfcoadd`Yn]lg\][a\]`goaloaddhYjla[ahYl]&
Kl]n]fD]oak
Example of mobile money
implementation road map
Concept and feasibility approved
Set vision, aspirations and
goals for mobile money: bank
for unbanked? Payment
platform?
Strategy
Product
and
services
Capital
planning
Customer
transformation
Design completed
Mobile money
launch
campaign
Engage stakeholders and maintain commitment
Define
positioning
Monitor alignment of
design with strategy
Evaluate and select vertical integration
options to deliver services
(roles and involvement of bank,
telco providers, third parties)
Define offering line
(person-to-person M-Pesa
like vs. full financial
products line)
Mobile
banking
Define
marketing
plan
Fine-tune and
finalize actual
pricing
Define pricing
models
Identify customers
target segments for
mobile money services
Assess value added
through mobile money
(current customer pain points
and overcoming solutions)
Define customer
processes to
implement desired
experience
Assess unexploited
usage opportunities
through mobile money
Agent
network
Design high-level
operating model options
and interaction among
bank, telco providers,
third parties
Operating
model
Implement
IT systems to
deliver mobile
money
Size sales
agent network
Design IT
interfaces with
third parties
Design interaction
processes and
interfaces with
third parties
Design internal
processes (activation,
assurance, inquiry,
etc.)
Contract and
service-level
agreements with
third parties
Design technology
architecture for
mobile money and
integration with
legacy systems
Select technology
platform and
system integrator
Identify organizational/HR
gaps and define
fulfillment plan
Scout technology
platforms to
enable mobile money
Assess mobile money
transactions models
(i.e. USSD, direct billing,
NFC, etc.)
Test
IT systems
Test integration
with third parties
Prepare
sales agents
manual and FAQ
Asses cultural and skill
gaps for mobile money
products and define
transformation plan
Define sales
channel for
mobile money
Fine-tunes
processes
Train sales
agents
Design sales and
customer channel
integration (for mobile money
and traditional products)
Design
sales agent
processes
Mobile money
pilot
Train
customer
agents
Prepare customer
agents manual
and FAQ
Design customer
experience
Customer
experience
Design cross-selling
campaign for
current customers
Design mobile
wallet vs. legacy
products integration
Business case
Draft product
concept of
services
Design
contractual
agreements and
clauses
Mobile money
launch
Design integration
with internal
systems to manage
mobile money
Design self-service
channels (web, mobile)
to enable/manage
mobile money
Scout technologies
for mobile Wallet
solutions
Scout technologies
for user authentication
and security
Monitor alignment
of design with
regulation evolution
Inquiry and
challenge gaps
Assess current
regulations
Technology
Regulation
>]o\akjmhlan]affgnYlagfk`Yn]l`]kYe]hgl]flaYd^gjoa\]khj]Y\hgkalan]
kg[ag%][gfgea[aehY[lYkegZad]egf]q&Dgo]j[gklg^ljYfkY[lagf
Yf\[mklge]jY[imakalagf$af[j]Yk]\Ö]paZadalq$_j]Yl]jY[[]kkaZadalqYf\
af[dmkan]f]kkYj]kge]g^l`]c]qZ]f]Õlko`a[`[YfZ]j]Ydak]\&9koal`]n]jq
km[`ghhgjlmfalq$l`akogmd\j]imaj]lae]dqYf\imYdalqkgdmlagf\]n]dghe]fl
Yf\\]hdgqe]flmf\]j%haff]\Zqja_gjgmkYf\hjY_eYla[hjg_jYeYf\jakc
management.
Shabkhez Mahmood
World Islamic Banking Competitiveness Report 2013–14
63
64
World Islamic Banking Competitiveness Report 2013–14
;gmfljq
gmldggc
World Islamic Banking Competitiveness Report 2013–14
65
Qatar
66
World Islamic Banking Competitiveness Report 2013–14
IAKEML
AkdYea[ZYfcaf_eYjc]lk`Yj]
• IYlYjÌkZYfcaf_k][lgj`Yk_jgofYlY;9?Jg^
).gn]jdYklÕn]q]Yjk
• AkdYea[ZYfck`Y\MK-,ZafYkk]lkaf*()*$
Yf\Yj]]ph][l]\lgkmklYafY*(hdmk_jgol`
trajectory over medium term
• Af[j]Ykaf_afn]kle]flafaf^jYkljm[lmj]hjgb][lk
afhj]hYjYlagf^gj>A>9Ogjd\;mhoaddc]]h
\]eYf\^gj[gjhgjYl][j]\alYlY`a_`d]n]d$
d]Ynaf_ZYfckj]daYflgf]pl]jfYd^mf\af_
*,
Assets growth
Financing growth
Deposits growth
US$b
US$b
US$b
50
35
30
45
26%
40
35
30
23%
25
31%
25
20
30
20
15
25
15
20
10
15
10
10
5
5
5
0
0
0
2008
2009
2010
2011
2012
2008
2009
2010
2011
2008
2012
2009
2010
Return on assets
Return on equity
Cost to income ratio
6.0%
25%
35%
5.0%
20%
2011
2012
2011
2012
30%
25%
4.0%
15%
20%
3.0%
15%
10%
2.0%
10%
5%
1.0%
5%
0%
0.0%
2008
2009
Islamic
2010
2011
Conventional
2012
0%
2008
2009
Islamic
2010
2011
2012
Conventional
2008
2009
2010
Islamic
Conventional
Kgmj[]k2
;]fljYd:Yfck$;gehYfq>afYf[aYdJ]hgjlk$=QMfan]jk]$=QYfYdqkakg^k]d][lan]ZYfck
World Islamic Banking Competitiveness Report 2013–14
67
Af\gf]kaY
68
World Islamic Banking Competitiveness Report 2013–14
IAKEML
AkdYea[ZYfcaf_eYjc]lk`Yj]
• Af\gf]kaYÌkZYfcaf_k][lgjak[`YjY[l]jar]\ZqY
_jgoaf_][gfgeq$*-(eaddagf egkldqEmkdae!
hghmdYlagf$af[j]Ykaf_h]j[YhalYaf[ge]
[&MK+(((!$`a_`%ÕfYf[af_eYj_afkYf\dgo
ZYfcaf_h]f]ljYlagf dgYflg?<HjYlagg^++!&
• AkdYea[ZYfck`Y\MK*(ZafYkk]lkaf*()*
gj[&,&.g^kqkl]eYkk]lk$]ph][l]\lg_jgo
lgMK)((ZhdmkZq*()0YlYkap%q]Yj;9?J
g^++&
,&.
• EYfq^gj]a_fAkdYea[ZYfckc]]flgafn]klaf
Af\gf]kaY$l`gm_`hjg_j]kk`YkZ]]fkdgo\m]
lgj]_mdYlgjqYf\d]_Yd[gfka\]jYlagfk&
Assets growth
Financing growth
Deposits growth
US$b
US$b
US$b
25
14
20
18
12
36%
16
31%
37%
14
10
15
10
12
8
10
6
8
6
4
4
5
2
2
0
0
0
2008
2009
2010
2011
2012
2008
2009
2010
2011
2012
Return on Equity
Return on assets
3.0%
2.5%
2008
2009
2010
2011
2012
2011
2012
Cost to Income Ratio
24%
80%
22%
70%
60%
20%
2.0%
50%
18%
40%
1.5%
16%
1.0%
30%
14%
20%
0.5%
12%
10%
0.0%
0%
2008
2009
Islamic
2010
2011
Conventional
2012
0%
2008
2009
Islamic
2010
2011
2012
Conventional
2008
2009
2010
Islamic
Conventional
Kgmj[]k2
;]fljYd:Yfck$;gehYfq>afYf[aYdJ]hgjlk$=QMfan]jk]$=QYfYdqkakg^k]d][lan]ZYfck
World Islamic Banking Competitiveness Report 2013–14
69
Saudi Arabia
70
World Islamic Banking Competitiveness Report 2013–14
IAKEML
AkdYea[ZYfcaf_eYjc]lk`Yj]
• AkdYea[ZYfcaf_[gfklalml]\-+g^l`]kqkl]e
Ykk]lkaf*()*$]klaeYl]\YlMK*,-Z&
L`akaf[dm\]kZgl`hmj]%hdYqAkdYea[ZYfck
Yf\AkdYea[Ykk]lkoal`[gfn]flagfYdZYfck&
EYafklj]Yeaf_g^AkdYea[ZYfcaf_afKYm\alg_]l
Y^mjl`]jZggkloal` ]ph][l]\!ljYfk^gjeYlagf
g^[gfn]flagfYdZYfckÌZmkaf]kk
-+
• Oal`[gflafm]\][gfgea[_jgol`Yf\YZmf\Yfl
daima\alqafl`]ZYfcaf_kqkl]e$[geh]lalagf^gj
[gjhgjYl][j]\alak]ph][l]\lgaf[j]Yk]$Yf\
eYj_afkoaddZ]mf\]jhj]kkmj]
• =fljqaflgl`]o]dd%j]_mdYl]\ZYfcaf_k][lgj
akhgkkaZd]l`jgm_`Yfgf%ZYfcaf_ÕfYf[aYd
afklalmlagf d]Ykaf_$egjl_Y_]$[YhalYdeYjc]lk$
]l[&!
Assets growth
Financing growth
Deposits growth
US$b
160
US$b
US$b
140
80
16%
100
90
70
120
9%
100
70
50
60
40
50
30
40
80
60
40
20
20
10
30
20
10
0
0
2008
2009
2010
Islamic
2011
0
2008
2012
21%
80
60
2009
2010
2011
2012
2008
2009
2010
2011
2012
2011
2012
Windows
Return on assets
Return on equity
Cost to income ratio
3.5%
17%
3.0%
16%
2.5%
15%
39%
2.0%
14%
37%
1.5%
13%
1.0%
12%
0.5%
11%
45%
43%
41%
35%
33%
31%
29%
27%
10%
0.0%
2008
2009
Islamic
2010
2011
Conventional
2012
25%
2008
2009
Islamic
2010
2011
2012
Conventional
2008
2009
2010
Islamic
Conventional
Kgmj[]k2
;]fljYd:Yfck$;gehYfq>afYf[aYdJ]hgjlk$=QMfan]jk]$=QYfYdqkakg^k]d][lan]ZYfck
World Islamic Banking Competitiveness Report 2013–14
71
EYdYqkaY
72
World Islamic Banking Competitiveness Report 2013–14
IAKEML
AkdYea[ZYfcaf_eYjc]lk`Yj]
• AkdYea[ZYfck`Y\MK)*(ZafYkk]lkaf*()*$
]ph][l]\lg_jgolgegj]l`YfMK+1(ZZq
*()0Yl.%q]Yj;9?Jg^*)
• Oal`1)g^EYdYqkaYfkemdla%ZYfc]\$o]]ph][l
ZYfcklg]eZYjcmhgf[mklge]jk]_e]flYlagf
Yf\afn]kle]flaf[mklge]jdgqYdlqk[`]e]klg
aehjgn]hjgÕlYZadalql`jgm_`[jgkk%k]ddaf_
20%
• L`]gf_gaf_daZ]jYdarYlagfg^l`]ÕfYf[aYd
k][lgjoadd[j]Yl]ghhgjlmfala]k^gjhYjlf]jk`ahk
Z]lo]]f\ge]kla[Yf\Ea\\d]=Ykl]jfZYfck$
o`a[`eYqZ][ge]Yc]q\jan]j^gj=Ykl%lg%=Ykl
dafcY_]khjgeglaf_ljY\]Yf\af[j]Ykaf_l`]kar]
g^l`]_dgZYdAkdYea[ÕfYf[]af\mkljq
Assets growth
Financing growth
Deposits growth
US$b
US$b
US$b
140
90
120
120
80
24%
23%
32%
100
70
100
60
80
50
60
40
80
60
30
40
40
20
20
20
10
0
0
2008
2009
2010
2011
2012
Return on assets
0
2008
2009
2010
2011
2012
Return on equity
1.4%
17%
1.3%
16%
1.2%
15%
1.1%
14%
1.0%
13%
0.9%
12%
0.8%
11%
0.7%
10%
0.6%
9%
0.5%
2009
Islamic
2010
2011
Conventional
2012
2009
2010
2011
2012
2011
2012
Cost to income ratio
50%
45%
40%
35%
30%
8%
2008
2008
25%
2008
2009
Islamic
2010
2011
2012
Conventional
2008
2009
2010
Islamic
Conventional
Kgmj[]k2
;]fljYd:Yfck$;gehYfq>afYf[aYdJ]hgjlk$=QMfan]jk]$=QYfYdqkakg^k]d][lan]ZYfck
World Islamic Banking Competitiveness Report 2013–14
73
United Arab
=
eajYl]k
74
World Islamic Banking Competitiveness Report 2013–14
IAKEML
AkdYea[ZYfcaf_eYjc]lk`Yj]
• AkdYea[ZYfcaf_Ykk]lk]klaeYl]\YlMK0+Z
af*()*gj)/g^l`]kqkl]eYkk]lk&L`ak
af[dm\]kAkdYea[Ykk]lkg^kge]g^l`]dYj_]j
[gfn]flagfYdZYfck
• Greater regulatory clarity and new enabling
af^jYkljm[lmj][jala[Yd^gjkmklYafYZd]_jgol`&
<mZYaÌkAkdYea[=[gfgeqnakagfk`gmd\`]dh
)/
• EgklM9=AkdYea[ZYfckYj]o]dd[YhalYdar]\
Yf\c]]fdq]phdgjaf_j]_agfYd]phYfkagf_gaf_
aflg*(),
Assets growth
Financing growth
Deposits growth
US$b
US$b
US$b
90
50
13%
80
70
6%
45
60
14%
40
70
60
50
35
50
30
40
25
40
30
20
30
15
20
10
10
5
0
0
2008
2009
2010
2011
2012
20
10
0
2008
2009
2010
Return on assets
Return on equity
1.9%
16%
1.7%
14%
1.5%
12%
1.3%
10%
1.1%
8%
0.9%
6%
0.7%
4%
2011
2012
2008
2009
2010
2011
2012
2011
2012
Cost to income ratio
50%
45%
0.5%
40%
35%
30%
2%
2008
2009
Islamic
2010
2011
Conventional
2012
25%
2008
2009
Islamic
2010
2011
2012
Conventional
2008
2009
2010
Islamic
Conventional
Kgmj[]k2
;]fljYd:Yfck$;gehYfq>afYf[aYdJ]hgjlk$=QMfan]jk]$=QYfYdqkakg^k]d][lan]ZYfck
World Islamic Banking Competitiveness Report 2013–14
75
Turkey
76
World Islamic Banking Competitiveness Report 2013–14
IAKEML
AkdYea[ZYfcaf_eYjc]lk`Yj]
• Lmjc]qoadd`Yn]))eaddagf`gmk]`gd\koal`
af[ge]g^MK+($(((gjegj]Zq*(+($
l`]kYe]d]n]dYk;YfY\Ylg\Yq&Qgmf_
\]eg_jYh`a[$gf_gaf_j]_mdYlgjqj]^gjekYf\
_gn]jfe]flÌkoaddaf_f]kklghjgegl]ÕfYf[aYd
af[dmkagfl`jgm_`hYjla[ahYlagfZYfcaf_hjgna\]k
^gjYkljgf_hdYqaf__jgmf\^gjK`YjaÌY[gehdaYfl
ÕfYf[aYdafklalmlagfk&
-&.
• HYjla[ahYlagfZYfck`Y\MK+1ZafYkk]lkaf
*()*$]ph][l]\lg_jgolgMK)*)ZZq*()0
Yl.%q]Yj;9?Jg^*)&KE=Yf\j]lYadZYfcaf_
Yj]l`]hjaeYjq]f_af]kg^_jgol`&
• Oal`gfdq^gmjhYjla[ahYlagfZYfckgh]jYlagfYd$
Lmjc]q^Y[]kYeYbgjkmhhdq%ka\][gfkljYafl$
o`a[`akdaealaf_l`]\]n]dghe]flg^l`]
af\mkljq&
Assets growth
Financing growth
Deposits growth
US$b
US$b
US$b
30
45
30
24%
29%
40
25
25
20
20
15
15
10
10
5
5
24%
35
30
25
20
15
10
5
0
0
0
2008
2009
2010
2011
2008
2012
2009
2010
2011
2008
2012
2009
2010
Return on assets
Return on equity
Cost to income ratio
3.0%
22%
70%
2011
2012
2011
2012
65%
20%
2.5%
60%
18%
2.0%
1.5%
55%
16%
50%
14%
45%
40%
12%
35%
1.0%
10%
30%
8%
0.5%
2008
2009
Islamic
2010
2011
Conventional
2012
25%
2008
2009
Islamic
2010
2011
2012
Conventional
2008
2009
2010
Islamic
Conventional
Kgmj[]k2
;]fljYd:Yfck$;gehYfq>afYf[aYdJ]hgjlk$=QMfan]jk]$=QYfYdqkakg^k]d][lan]ZYfck
World Islamic Banking Competitiveness Report 2013–14
77
J]^]j]f[]kYf\
Y[cfgod]\_e]flk
Kgmj[]k
Gmjaf\mkljqYoYj\k
• EYcaf_l`]ja_`legn]kÈ?dgZYdZYfcaf_
gmldggc*()*Ç)+
• ;]fljYdZYfcj]hgjlk
• ?dgZYdAfka_`lÈ[gehYjYlan]ogjd\gn]jna]o
lYZd]k
• :EAj]hgjlkgf[gee]j[aYdZYfcaf_
Ogjd\AkdYea[:Yfcaf_
9oYj\k*())$
:Y`jYaf
+j\Afl]jfYlagfYd
LYcY^mdKmeeal$
Dgf\gf
;HA>afYf[aYdAkdYea[
>afYf[]9oYj\k$
<mZYa
Thought Leadership
Award, 2011
Best Takaful Advisory
Firm, 2011/2009
Best Islamic
Research, 2011
;HA>afYf[aYd
AkdYea[>afYf[]
9oYj\k
Ogjd\AkdYea[
:Yfcaf_
9oYj\k$:Y`jYaf
Ogjd\AkdYea[
:Yfcaf_9oYj\k$
:Y`jYaf
Thought Leadership
Award, 2011
Best Takaful Advisory
Firm, 2011/2009
Best Islamic Finance
Advisory Firm,
2009/2008/
2007/2006
Ogjd\AkdYea[
:Yfcaf_9oYj\k$
:Y`jYaf
CmYdYDmehmjAkdYea[
>afYf[]>gjme$
EYdYqkaY
K`]ac`Eg`Yee]\
:afJYk`a\9d
EYclgme9oYj\
WIBC Leading Islamic
Financial Services
Provider, 2008
Most Outstanding
Business Advisory
& Consulting Firm,
2007/2006
Best Islamic
Consulting Firm,
2006
• :YfcYffmYdj]hgjlk
• :Yfcaf_af=e]j_af_EYjc]lk
;gfkakl]fldqjYfc]\l`]Z]klAkdYea[
9\nakgjqÔjekaf[]*((.
78
World Islamic Banking Competitiveness Report 2013–14
J]hgjle]l`g\gdg_q
Yf\lggdk
• ?dgZYdAkdYea[ZYfcaf_Ykk]lkYj]]klaeYl]\ZYk]\
gfhmZda[dqYnYadYZd]\YlY^jge*(AkdYea[ZYfcaf_
eYjc]lk
• L`]j]k]Yj[`Yf\afka_`lkYj]hjaeYjadqZYk]\
on =QAkdYea[:Yfcaf_Mfan]jk] =QMfan]jk]!$
o`a[`akhjghja]lYjq$ZYk]\gfkYehd]Yf\akfgl
e]YfllgZ]^mddq]p`Ymklan]
• L`]Zj]Yc\gofg^ZYfckk]d][l]\[gmfljqoak]af
l`]=QMfan]jk]ak2
• :Y`jYafÈ.AkdYea[Yf\,[gfn]flagfYdZYfck
• KYm\a9jYZaYÈ,AkdYea[Yf\-[gfn]flagfYd
ZYfck
• CmoYalÈ,AkdYea[Yf\+[gfn]flagfYdZYfck
• L`]=QMfan]jk]YfYdqkak[gn]jk/(AkdYea[ZYfck
Yf\,.[gfn]flagfYdZYfckY[jgkk)*AkdYea[
ZYfcaf_eYjc]lk$oal`YlglYdYkk]lZYk]g^-&/l
*()*!
• IYlYjÈ+AkdYea[Yf\+[gfn]flagfYdZYfck
• >gjl`]hmjhgk]g^l`akj]hgjl$l`]YfYdqkak
]p[dm\]kAjYfeYjc]l\m]lgalkmfaim]
[`YjY[l]jakla[k ]p[]hlo`]fj]hgjlaf_]klaeYl]\
_dgZYdaf\mkljqYkk]lk!
• EYdYqkaYÈ)+AkdYea[Yf\,[gfn]flagfYdZYfck
• =QMfan]jk][gn]jkYhhjgpaeYl]dq0(g^l`]
]klaeYl]\_dgZYdAkdYea[ZYfcaf_Ykk]lk ]p[dm\af_
AjYfeYjc]l!
• Bgj\YfÈ*AkdYea[Yf\)[gfn]flagfYdZYfck
• Afka_`lkYj]YdkgZYk]\gfaf\mkljqkmjn]q$
af[dm\af_afl]jna]okoal`]p][mlan]kYf\af\mkljq
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hjagjala]k
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gh]jYlagfYf\g^^k`gj]Zmkaf]kk]koYkYdaealaf_
factor
• L`]=QMfan]jk]ak[Yl]_gjar]\Yk^gddgok2
• IAKEMLÈIYlYj$Af\gf]kaY$KYm\a9jYZaY$
EYdYqkaY$M9=Yf\Lmjc]q
• M9=È/AkdYea[Yf\,[gfn]flagfYdZYfck
• Af\gf]kaYÈ.AkdYea[Yf\,[gfn]flagfYdZYfck
• HYcaklYfÈ-AkdYea[Yf\+[gfn]flagfYdZYfck
• :Yf_dY\]k`È-AkdYea[Yf\*[gfn]flagfYdZYfck
• =_qhlÈ*AkdYea[Yf\+[gfn]flagfYdZYfck
• Lmjc]qÈ,AkdYea[Yf\-[gfn]flagfYdZYfck
9fgfqealqYf\imgl]k
• 9ddafl]jna]o]]ko]j]Ykkmj]\g^
YfgfqealqYf\eafml]k\g[me]fl]\
\mjaf_gmj\ak[mkkagfk
• ImglYlagfk`Yn]Z]]fmk]\lg
kmhhgjlYj_me]flkeY\]afl`]
report
• ?;;È:Y`jYaf$CmoYal$IYlYj$KYm\a9jYZaY$M9=
• J]klg^l`]ogjd\È:Yf_dY\]k`$=_qhl$Bgj\Yf$
HYcaklYf$Lmjc]q$Kgml`9^ja[Y$LmfakaY]l[&
World Islamic Banking Competitiveness Report 2013–14
79
=QMfan]jk]g^AkdYea[Yf\
[gfn]flagfYdZYfck
AkdYea[ZYfckl`Yl
[gfljaZml]\\YlYlg
Mfan]jk]2
• FggjAkdYea[:Yfc
:Yf_dY\]k`
• K`YjbY`AkdYea[:Yfc
• 9d9jY^Y`:Yfc
Af\gf]kaY
• >ajklK][mjalq:Yfc
:Y`jYaf
• :Yfc:jaKqYjaY`
• A;:AkdYea[:Yfc
• 9d:YjYcY:Yfc:Y`jYaf
• :YfcEmYeYdYl
• AkdYea:Yfc:Yf_dY\]k`
• Al`eYYj:Yfc
• :YfcKqYjaY`EYf\aja
• K`Y`bYdYdAkdYea:Yfc
• 9dKYdYe:Yfc
• :YfcKqYjaY`E]_Y
Bgj\Yf
• :Y`jYafAkdYea[:Yfc
• :YfcKqYjaY`:mcghaf
• Bgj\Yf<mZYa:Yfc
• C`Yd]]ba;gee]j[aYd:Yfc
• :YfcBYZYj:Yfl]f
• Bgj\YfAkdYea[:Yfc
• CmoYal>afYf[]@gmk]:Y`jYaf
EYdYqkaY
=_qhl
KYm\a9jYZaY
• 9^Õf:Yfc
• 9d:YjYcY=_qhl
• 9dJYb`a:Yfc
• 9dJYb`a:Yfc
• >YakYdAkdYea[:Yfcg^=_qhl
• :Yfc9dBYrajY
• 9ddaYf[]:Yfc
Turkey
• 9dafeY:Yfc
• 9kaYf>afYf[]
• 9d:YjYcYLmjc
• :Yfc9d:adY\
• :YfcAkdYe
• :Yfc9kqY
CmoYal
• :YfcEmYeYdYl
• Kuveyt Turk
• CmoYal>afYf[]@gmk]
• ;AE:AkdYea[:Yfc
• Lmjcaq]>afYfk
• 9`daMfal]\:Yfc
• @gf_D]gf_AkdYea[:Yfc
• :gmZqYf:Yfc
• CmoYal>afYf[]@gmk]EYdYqkaY
• CmoYalAfl]jfYlagfYd:Yfc
• EYqZYfcAkdYea[:Yfc
IYlYj
• HmZda[AkdYea[ZYfc
• IYlYjAkdYea[:Yfc
• J@:AkdYea[:Yfc
• EYkjY^9dJYqYf
• :YfcJYcqYl
• IYlYjAfl]jfYlagfYdAkdYea[:Yfc
HYcaklYf
IYlYj
• 9d:YjYcYHYcaklYf
• 9Zm<`YZaAkdYea[:Yfc
• :YfcAkdYea
• 9beYfAkdYea[:Yfc
• :mjb:Yfc
• 9d@adYd:Yfc
• <mZYaAkdYea[:YfcHYcaklYf
• <mZYaAkdYea[:Yfc
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• =eajYl]kAkdYea[:Yfc
80
World Islamic Banking Competitiveness Report 2013–14
=QMfan]jk]g^AkdYea[Yf\
[gfn]flagfYdZYfck
;gfn]flagfYdZYfckl`Yl
[gfljaZml]\\YlYlggmj
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=_qhl
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• :Yfim]Eakj
• :YfcEYf\aja
• ;gee]j[aYdAfl]jfYlagfYd:Yfc
:Y`jYaf
• :YfcF]_YjYAf\gf]kaY
• MfagfFYlagfYd:Yfc=_qhl
• 9jYZ:Yfcaf_;gjhgjYlagf
• :YfcJYcqYlAf\gf]kaY
Turkey
• 9`daMfal]\:Yfc
EYdYqkaY
• Lmjcaq]NYcaÖYj:YfcYka
• :Yfcg^:Y`jYafYf\CmoYal
• ;AE::Yfc
• QYhan]Cj]\a:YfcYka
• FYlagfYd:Yfcg^:Y`jYaf
• EYqZYfc:Yfc
• Lmjc=cgfgea:YfcYka
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• J@::Yfc
• Lmjcaq]?YjYfla:YfcYka
• FYlagfYd;gee]j[aYd:Yfc
• HmZda[:Yfc
• 9C:Yfc
• Samba Financial Group
HYcaklYf
• JaqY\:Yfc
• E;::Yfc
• L`]KYm\a:jalak`:Yfc
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• 9jYZFYlagfYd:Yfc
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• FYlagfYd:Yfcg^CmoYal
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• :mj_Yf:Yfc
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• ;gee]j[aYd:YfcCmoYal
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• 9jYZ:Yfc
• <g`Y:Yfc
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• ;gee]j[aYd:Yfcg^IYlYj
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• =eajYl]kF:<
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World Islamic Banking Competitiveness Report 2013–14
81
;gflY[lk
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82
World Islamic Banking Competitiveness Report 2013–14
EY | Assurance | Tax | Transactions | Advisory
About EY
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The insights and quality services we deliver help build trust and confidence
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© 2013 Ernst & Young.
All Rights Reserved.
SCORE No. EK0214
ED 0114
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