Fazal Saib

CEO's Profile

Theme | Redefining Banking and Finance
Topic | Understanding Islamic Banking
MONTH | June 2016

Islamic Banking has grown rapidly across several regions and is systemically important in key economies. Indeed, the Islamic Banking sector has expanded globally by over 15 percent per annum during the last five years and its assets are estimated to exceed US$1.5 trillion.

Moreover, while Islamic Banking is particularly large in many Muslim countries (and systemic in many countries including Iran, Sudan, Saudi Arabia, Kuwait and Qatar), there is an increasing interest in Islamic finance in non-Muslim countries like Kenya.

CEO Chat Focus Areas:

  1. Defining Islamic finance and Shariah-compliant banking.

  2. Understanding the difference between Islamic and conventional banking.

  3. A view on how Islamic Banks define, analyse and mitigate credit risk.