Middle East Economic Survey

VOL. XLVIII

No 8

21-February-2005

REGIONAL

GCC Islamic Financial Institutions Show Spectacular Growth

Islamic Financial Institutions (IFIs) in the GCC are showing spectacular growth and forming a strong, innovative, and well-established financial industry, according to the Statistical Report: GCC Islamic Financial Institutions 1998-2003 published by the Bahrain-based General Council for Islamic Banks and Financial Institutions (GCIBFI). Deposits with IFIs, and their...