The Gulf countries are situated on the richest area of the world in terms of petrol and energy reserves and have 3 trillion dollars of fund source. The Gulf countries have been spending 1.8 trillion dollars of these funds for overseas investments.
Owning 35% of total fund sources of the world, the Gulf countries have been working with different instruments than western-sourced investments. The Gulf countries composing of the countries such as Qatar, Oman, Bahrain, United Arab Emirates, Saudi Arabia and Kuwait have preferred interest free instruments while investing.
|Country||Fund Name||Value (billion dollars)|
|BAE- Abu Dhabi||Abu Dhabi Investment Authority||$773|
|Saudi Arabistan||SAMA Foreign Holdings||$757,2|
|Kuveyt||Kuwait Investment Authority||$592|
|Katar||Qatar Investment Authority||$256|
|BAE – Dubai||Investment Corporation of Dubai||$183|
|BAE–Abudabi Dubai||Abu Dhabi Investment Council||$110|
|BAE–Abu Dhabi||International Petroleum Invest||$66,3|
|BAE–Abu Dhabi||Mubadala Development||$66,3|
|BAE – Federal||Emirates Investment Authority||$15|
|Umman||State General Reserve Fund||$13|
|Bahreyn||Mumtalakat Holding Company||$10,5|
|Umman||Oman Investment Fund||$6|
|Suudi Arabistan||Public Investment Fund||$5.3|
|BAE- Ras Al Khaimah||RAK Investment Authority||$1.2|
|TOTAL||GCC SWF Funds||$2.853,6|
|TOTAL||Word SWF Funds||$7.367,6|
II.Gulf Top Banks
|Bank Name||Assets||Net Profit (000 USD)||Country|
|Qatar National Bank||133.614.471||2.889.461||QATAR|
|National Commercial Bank||115.967.489||2.344.851||SA|
|National Bank of Abu Dhabi||102.395.511||1.518.886||UAE|
|Al Rajhi Banking Corporation||82.056.415||1.822.979||SA|
|National Bank of Kuwait||74.323.098||933.653||Kuwait|
|Kuwait Finance House||58.621.244||546.144||Kuwait|
|Samba Financial Group||57.973.021||1.334.687||SA|
|First Gulf Bank||57.764.362||1.553.236||UAE|
|Abu Dhabi Commercial Bank||55.545.729||1.143.856||UAE|
|Banque Saudi Fransi||50.340.507||937.691||SA|
|Saudi British Bank||50.029.138||1.137.616||SA|
|Arab National Bank||43.911.561||767.241||SA|
|Dubai Islamic Bank||33.729.202||763.334||UAE|
|Ahli United Bank||33.444.888||531.254||Bahrain|
|Commercial Bank of Qatar||31.772.623||533.026||Qatar|
|Abu Dhabi Islamic Bank||30.466.595||476.638||UAE|
|Arab Banking Corporation||29.356.000||318||Bahrain|
|Qatar Islamic Bank||26.402.875||458.393||Qatar|
|Saudi Hollandi Bank||25.765.125||485.576||SA|
|Union National Bank||25.446.023||550.102||UAE|
|Saudi Investment Bank||24.967.051||383.061||SA|
|Al Baraka Bank Group||23.463.589||274.767||Bahrain|
|Gulf International Bank||21.300.200||85.6||Bahrain|
|Bank Al Jazira||17.747.714||152.658||SA|
|Commercial Bank of Kuwait||14.373.105||167.594||Kuwiat|
|Al Khaliji Commercial Bank||14.077.493||154.645||Qatar|
|Commercial Bank of Dubai||12.773.551||327.323||UAE|
|Bank Al Bilad||12.061.310||230.408||SA|
|Al Ali Bank Kuwait||11.937.888||128.284||Kuwait|
|Qatar International Islamic Bank||10.548.751||226.873||Qatar|
|Bank of Bahrain and Kuwait||9.311.092||133.794||Bahrain|
|National Bank of Oman||7.730.107||130.566||Oman|
|National Bank of Bahrain||7.283.130||142.12||Bahrain|
|United Arab Bank||6.999.533||164.827||UAE|
|Bank of Sharjah||6.821.231||77.843||UAE|
|Sharjah Islamic Bank||6.650.072||80.304||UAE|
III.Gulf Financial Products
The Gulf countries have been trying to lead their assets to safe investments. Due to the economic stability in recent years, its trust, safety, in terms of investor protection and the business familiarity with Gulf countries, US has been a candidate to be the center of the investments of Gulf Countries.
The Gulf countries, carrying out very different investments in very different fields in the world are determining the most productive fields for every country and canalizing this field.
Potential of working according to participation, sharing and ethical-Islamic criteria financial institutions and Finance Market Estimates $3.4 Trillion by end of 2018. Finance assets represented 1% of the global financial market of $127 Trillion in assets.
At a time where the International Monetary Fund warns that the global economy is sliding into “secular stagnation” due to a slump in commodity prices and a slowdown in investments, the Islamic economy stands in stark contrast, offering a viable solution to success in the 21st century.
Despite that global Islamic finance industry is projected to grow by 60% to $3.2 trillion in assets by 2020
The Gulf countries are using different instruments such as investment trusts, private equity, and sukuk for investment in the countries they have a tendency.
The most popular of these methods is now Sukuk.
The World Countries have been undertaking government based enterprises to attract this rich and economic source. For instance, holding 57% of all Gulf funds, Malaysia has leased the council’s field using the Gulf oriented sukuk it has exported.
The fund transferred via sukuk method to the country from Gulf Countries can be used in many areas. Lands, real estates, energy investments, vehicles, factories, workshops, industrial zones are the assets mostly used for sukuk export.
The positive development is the appeal of Sukuk as an alternative source of ﬁnancing from new jurisdictions ranging from Europe, Asia, CIS and Africa and emerging sign of possible direct entry from North America.