IslamicFinance.de

STANDARD Chartered Saadiq (Saadiq) has not seen any adverse impact from the uprising in the Middle East and North Africa (Mena) on its operations.
Mena forms a significant part of Saadiq business.

Niche Islamic investment banks in the Middle East and North Africa (Mena) may go in for mergers and acquisitions with conventional lenders to achieve the critical mass for reaping economies of scale.
It is anticipated first the build up of national champions driven by major shareholders, as was the case with Emirates NBD in conventional banking. Nice Islamic bank, such as Islamic investment banks (which have been particularly affected by the financial crisis) may diversify through M&As with banks that complement their businesses.

Islamic banks—financial institutions based on Islamic law—in the Middle East and North Africa (MENA) have made impressive gains against the region’s conventional banks in recent years. However,
the need for consolidation in this industry is increasing as the economic crisis continues to hamper growth and the market becomes more crowded