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Is Islamic banking more risky compared to conventional banking?

28 Jul 2016

Islamic banks are less risky and more resilient than their counter parts in terms of bank capital requirement and mobilisation of deposits.

Somewhat perversely, the global financial crisis presented a big opportunity to the Islamic banking and finance industry. In 2008-2009, the Islamic banking industry was estimated to have experienced asset growth of 31.8% compared to 12.6% in the conventional banking. The Islamic bank total assets range between US$1.88 trillion to US$2.1 trillion in 2016 and are expected to reach US$3.4 trillion by 2018 globally. It provides an alternative financial services option to all consumers and investors.

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