Wednesday 15, March 2017 by Georgina Enzer

Moody's: GCC Islamic banks more profitable than conventional peers for second year running in 2017

The profitability of Islamic banks' in the Gulf cooperation Council (GCC) region will outpace that of their conventional peers for the second consecutive year in 2017 on the back of stronger margins and resilient cost of risk, says Moody's Investors Service in a report published today.