2009 Maris

Strategies, Ltd. All rights reserved.

Top 500 Islamic Financial Institutions Research Findings

Islamic Finance Industry Growth

2009 Maris Strategies, Ltd. All rights reserved.

2009 GCC 5.45% Non-GCC MENA 7.25% MENA Total 6.30% Sub-Saharan Africa 28.62% Asia 22.57% 8,369 668,328

2010

Change

353,237 372,484 315,090 337,949 710,434 10,765

106,797 130,904
Source: The Banker, Maris Strategies

Islamic Finance Industry Growth

2009 Maris Strategies, Ltd. All rights reserved.

37 More Banks Reporting Shariah Assets Moderate Increase in Market Volumes 23 New Banks

citigroup

citigroup

HSBC

HSBC

New Institutions
2009 Maris Strategies, Ltd. All rights reserved.

Sina Bank

Gharzolhasane Mehr Iran Bank

More Institutions Reporting

2009 Maris Strategies, Ltd. All rights reserved.

40 35 30 25 20 15 10 5 0
Indonesia Iran 2007 Kuwait 2008 7 20 17 15 29 30

37

38 37

39

29

26
21 23

26
20 16 15 9

18

Malaysia 2010

Qatar

2009

2010 Shariah-Compliant Assets by Country

2009 Maris Strategies, Ltd. All rights reserved.

(in millions of USD)

350,000
350,000

Shariah Assets by Country 2010

300,000 300,000

Source: Maris Strategies

250,000 250,000
Assets (in m il li ons U SD )

200,000 200,000

Assets

150,000 150,000

100,000 100,000

50,000 50,000

Iran Iran

Saudi Saudi Arabia Arabia

Malaysia Malaysia

UAE UAE

Kuwait Kuwait

Bahrain Bahrain

Qatar Qatar

Turkey Turkey

UK UK

Bangladesh Bangladesh

Iran Assets 314897

Saudi Arabia 138238

Malaysia 102639

UAE Kuwait 85622 69088

Bahrain 44858

Qatar

Turkey

UK Bangladesh 18948 10145

34675 22561

Islamic Finance Growth History

2009 Maris Strategies, Ltd. All rights reserved.

Billions $US

1000 900 800 700 600 500 400 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

16000 14000 12000 10000 8000 6000 4000 2000 0

Islamic Finance Assets

DJIA

CAGR 2006-2010 Data

2009 Maris Strategies, Ltd. All rights reserved.

$300 million USD

$200 million USD

19.26%
GCC

16.62%
N o n -G C C MENA

5.49%
A s ia

13.85%
A u s /E u r o A m e / r

$100 million USD

22.35%
S u b -S a h a ra

Growth and Compression

2009 Maris Strategies, Ltd. All rights reserved.

Shariah-compliant Banks and Assets in Muslim Populations

2009 Maris Strategies, Ltd. All rights reserved.

Shariah-compliant Banks and Assets in Muslim Populations

2009 Maris Strategies, Ltd. All rights reserved.

(in billions of USD 2010)

Shariah-Compliant Banks Growth

2009 Maris Strategies, Ltd. All rights reserved.

Industry Maturity Curve

2009 Maris Strategies, Ltd. All rights reserved.

Performance Measurement of Shariah-Compliant Banks

2009 Maris Strategies, Ltd. All rights reserved.

1. Business Model how your bank makes money 2. Compliance how you adhere to market rules, international and domestic regulations

6. Service how you serve your customers 7. Shariah Compliance how you communicate you adherence to your values

Management
Business Model Compliance

Process
Core Competency Support Systems Product

Offering
Service Shariah Compliance Channel

Distribution
Brand Customer Experience

3. Core Competency proprietary process and skills that add value 4. Support Systems extended systems that surrounds your offering

8. Channel how you connect your offerings to your customers 9. Brand how you express your offerings benefits and values to customers 10. Customer Experience how you create an integrated experience for customers

5. Product basic features, performance and functionality

 2009 Maris

Strategies, Ltd. All rights reserved.

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