Dozens of flamingos dead after plane hits them in Mumbai    TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances    Strategic Partnership Council announced during virtual meeting of Saudi Crown Prince with Japanese PM Saudi Arabia promises stable oil supplies to Japan    Saudi Arabia completes 1st phase of desertification assessment with creating 246 maps    Passengers tell of horror aboard turbulence-hit flight    US signals support for possible sanctions against ICC over Israel warrants    Former Marine charged with spying for Hong Kong found dead    Agriculture ministry: No truth in rumors regarding meat consumption during withdrawal period causing diseases in humans    Saudi AI model ALLaM joins IBM's watsonx platform, bolsters Arabic language capabilities    Energy minister: Saudi Arabia sets new world record in producing low-cost electricity from wind energy    Syrian first lady Asma al-Assad diagnosed with leukemia, presidency announces    An amazing discovery in the Kingdom of Saudi Arabia: 'A burial represents a symbol of pharmacy'    'Two Kingdoms' initiative celebrates shared Saudi-UK artistic legacy    Minister Al-Khateeb: Saudi Arabia will become a global aviation hub    China hits back at US and EU as trade rows deepen    Oleksandr Usyk claims undisputed heavyweight title in 'Ring of Fire' match in Riyadh    Saudi Arabia: The emerging cultural powerhouse shaping global soft power dynamics    Jorge Jesus praises Al Hilal's resilience after dramatic last-minute draw in Riyadh Derby    Star golfer Scottie Scheffler arrested over alleged assault on police officer    Al-Ittihad's victory drought continues, misses chance to qualify for ACL elite    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



2nd WIBC Leaderboard for global Islamic banking set
Published in The Saudi Gazette on 15 - 11 - 2016

After a very successful introduction of the first of its kind assessment tool for Islamic banks in 2015, WIBC 2016 is set to continue its efforts to enhance the performance and quality of the Islamic banking industry in the 2nd edition of the WIBC Leaderboard. The comprehensive performance assessment framework will help Islamic financial institutions assess their ranking and performance in comparison to their competitors. Specifically, the WIBC Performance Indicator will form the basis of the annually anticipated WIBC Performance Awards that will be announced at the WIBC Gala Dinner on Dec. 6, 2016.
The WIBC Leaderboard is the innovative performance assessment that will provide rankings of the top Islamic banks and financial institutions based on a variety of robust financial and governance metrics such as asset growth, return on equity, return on assets, disclosures, and corporate social responsibility. The Leaderboard will provide industry participants a visually engaging view of Islamic banks to compare themselves with their peers at the global, regional and national levels across several dimensions. In addition to the individual metrics, banks will also be ranked on the basis of an aggregate score, which forms the apex of the WIBC Leaderboard. This aggregate index holistically ranks entities on the basis of the aforementioned financial and governance measures. The Leaderboard will therefore act as a benchmark for Islamic banks to estimate their performance against the top performing banks in the industry.
The data employed in creating the assessment framework has been sourced from the ICD Thomson Reuters Islamic Finance Development Indicator (IFDI) and Bankscope.
WIBC Leaderboard will have 3 categories for the Awards: One Global Award, Four Regional Awards for each of the following world regions: GCC, South East Asia, South Asia and Levant, Thirteen Country Awards for each of the following countries: Bahrain, Bangladesh, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Qatar, Turkey, UAE and Saudi Arabia.
The CSR Award (Corporate Social Responsibility) will be a new addition to WIBC Leaderboard 2016. The scores will be aggregated as per the CSR Index and the Islamic Finance Development Indicator (IFDI) and the CSR awards will be of 3 categories: a global winner, one regional winner and one national winner. The governance and Social Responsibility variables are extracted from the Thomson Reuters database.
This year in the innovative 23rd edition, WIBC will award a leader in the industry who has initiated notable contributions to the Islamic finance sector. The award - WIBC Islamic financier of the year 2016 – will be selected on the basis of audience votes, online as well as at the venue and the individual with the most votes will be presented with the award at the Gala Dinner of the performance awards. — SG


Clic here to read the story from its source.