Bank Melli Iran Leads SCA Rank

Tuesday, July 8, 2008
According to the Bankers first comprehensive listing of the Top 500 Islamic Financial Institutions (TISI) , Iran tops the ranking with assets of $154.6 billion.
The report further noted that a close examination of the top 500 institutional listing shows that Iranian . banks dominate the top positions and among them Bank melli Iran heads the ranking with SCA of $35.5 billion. Iran as a country in which financial institutions are 100 percent Sharia compliant , has more than doubled the amount of nearest competitors , saudi Arabia with $ 69.4 billion and Malaysia with $ 65.1 billion , it added.

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