WORLD’S 50 SAFEST BANKS 2010: Where are Islamic banks?

WORLD’S 50 SAFEST BANKS 2010

Global Finance names the World’s 50 Safest Banks 2010 Available at: http://www.gfmag.com/tools/best-banks/10533-worlds-50-safest-banks-2010.html

NEW YORK, September 2, 2010 – With bank stability still high on corporate and investor agendas, Global Finance publishes its 19th annual list of the world’s safest banks. The sovereign debt crisis in Europe and renewed concerns about the global economic outlook are once again putting the spotlight on bank safety. It should be somewhat reassuring that 45 of the top-50 safest banks is this year’s listing maintained their standing among the top echelon in this year’s ranking. Banks that cleaned up their balance sheets and strengthened their capital positions were the biggest gainers. In many instances, non-performing loans have been reduced significantly. Several major British banks have rejoined the top 50, although many of the big name banks that lost their safest bank ranking during the credit crunch are still absent from the list.

The “World’s 50 Safest Banks” 2010 were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moody’s, Standard & Poor’s and Fitch were used. Global Finance has published its “World’s Safest Banks” listing for 19 years and this ranking has become a recognized and trusted standard of creditworthiness for the entire financial world. “Banks that have strengthened their liquidity positions and the quality and quantity of their capital are recognized in these rankings,” says Global Finance publisher Joseph D. Giarraputo. “More than ever, customers around the world are viewing long-term creditworthiness as the key feature of banks with which they do business.”

This exclusive survey will be published in the October issue. The banks ranked 1-10 will be presented awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Washington in October.

World’s 50 Safest Banks 2010

Rank Bank Country
1 KfW Germany
2 Caisse des Depots et Consignations (CDC) France
3 Bank Nederlandse Gemeenten The Netherlands
4 Zuercher Kantonalbank Switzerland
5 Landwirtschaftliche Rentenbank Germany
6 Rabobank Group The Netherlands
7 Landeskreditbank Baden-Wuerttemberg – Foerderbank Germany
8 Nederlandse Waterschapsbank The Netherlands
9 NRW.Bank Germany
10 Royal Bank of Canada Canada
11 National Australia Bank Australia
12 Westpac Banking Corporation Australia
13 Commonwealth Bank of Australia Australia
14 Banco Santander Spain
15 Toronto-Dominion Bank Canada
16 Australia and New Zealand Banking Group Australia
17 ASB Bank The Netherlands
18 BNP Paribas France
19 HSBC Holdings United Kingdom
20 Credit Agricole France
21 Banco Bilbao Vizcaya Argentaria (BBVA) Spain
22 Scotiabank Canada
23 DBS Bank Singapore
24 Banco Espanol de Credito S.A. (Banesto) Spain
25 Caisse centrale Desjardins Canada
26 Credit Suisse Switzerland
27 Nordea Sweden
28 Caja de Ahorros y Pensiones de Barcelona Spain
29 Svenska Handelsbanken Sweden
30 BNY Mellon United States
31 Oversea-Chinese Banking Corporation Singapore
32 United Overseas Bank Singapore
33 Pohjola Bank Finland
34 Barclays Bank United Kingdom
35 Intesa Sanpaolo Italy
36 Bank of Montreal Canada
37 CIBC Canada
38 National Bank Of Kuwait Kuwait
39 Deutsche Bank Germany
40 JPMorgan Chase United States
41 Societe Generale France
42 Wells Fargo United States
43 Banque Federative du Credit Mutuel (BFCM) France
44 Landesbank Baden-Wuerttemberg Germany
45 Credit Industriel et Commercial (CIC) France
46 Nationwide Building Society United Kingdom
47 U.S. Bancorp United States
48 Shizuoka Bank Japan
49 Northern Trust United States
50 National Bank of Abu Dhabi UAE

WORLD’S SAFEST BANKS IN THE MIDDLE EAST 2010

WORLD’S SAFEST BANKS IN ASIA 2010

WORLD’S SAFEST BANKS IN WESTERN EUROPE 2010

WORLD’S SAFEST BANKS IN NORTH AMERICA 2010

WORLD’S SAFEST BANKS IN LATIN AMERICA 2010

WORLD’S SAFEST BANKS IN CENTRAL & EASTERN EUROPE 2010

WORLD’S SAFEST BANKS IN AUSTRALASIA 2010

Best Regards
ZULKIFLI HASAN
DURHAM, UK

  • European Central Bank, Frankfurt, Germany

    6 thoughts on “WORLD’S 50 SAFEST BANKS 2010: Where are Islamic banks?

    1. Azam Ali says:

      Can I have a list of Safest Islamic Banks in the World for my research help?

    2. maseafs says:

      i want to know how many islamic banks are there today in 2010 what is their totall assets approx

    3. Azam Ali says:

      There were six full-fledged islamic banks up to Oct-10 in Pakistan. Al Barak Islamic Banks has now been de-scheduled and merged with Gloal Emirates bank with new name ‘Al Baraka Bank Limited. Total Assets increased to Rs. 411 billion in June-10 with 31% growth to March-10 and with 667 branche all over Pakistan.

    4. bhat muneeb says:

      now in kashmir islamic bank is introduced by the name al amanah credit co operative ltd presently in anantnag kashmir

    5. My Dear Brother, فتنةالرباء

      I am of the view that your concept of Islamic banking is entirely in conflict with Quranic Edict (Albaqarah 275-276 read with Albaqarah 41-42, Al-imran 77 and An nahl 95).

      I wish to explain that the polytheistic economic model, underlying capitalism and prevalent in democratic countries/societies, is based essentially on credit and loan, a concept anathema to the monotheistic economic model. Besides, while the Law of Algorithm dictates the monotheistic economic model to originate in Plus One (+1), the polytheistic economic model is based on Minus One (-1).
      All types of interest are prohibited in ISLAM
      1) Prohibition of interest based on credit/loan; Albaqarah 275
      2) Prohibition of compound interest; Al imran 130
      3) Prohibition of interest based fund raising; Ar rum 39
      Principle of prosperity is, lower interest rate of central bank indicates financial strength of economy. That’s why ALLAH subhanahu recommends zero interest rate for Muslim states.

      The following questions about the status, in terms of the Holy Quran, of the current banking practices have for some time been agitating many thinking minds in the Muslim Ummah: If, therefore, you could kindly ponder the same for a few minutes and provide a FATWA,
      1. Can a single Polytheistic economic practice, which resembles such partnership as is permissible under Islamic edicts, be cited to negate/reject the entire Islamic system of monetary control?
      2. Can a pronouncement of the Federal Shariat Court, quoting such arguments of the petitioner/respondent as are designed, for mutual benefit/worldly gain, to market Riba by labelling it as a PLS (profit and loss sharing) concept, be cited(case law) to replace or amend definite dos or don’ts specified in the holy Quran?
      3. Does someone in receipt of remuneration from a bank, or a scholar providing, for worldly gain, services as an Islamic mufti, have authority to issue such Fatwa as tends to fit in a Riba-based economy with the Islamic economic system?
      Hoping for an early reply,
      SYED AMMAR BUKHARI
      (Society Architect)
      Cell: 0092-321-2345617 http://www.suprasystem.org http://www.islamicbanking.org.pk
      Office: Ahbab House, Plot 174, Sector 30, Korangi Industrial Area, Karachi, Pakistan
      http://www.maemaar.org.pk http://www.theradiantpath.org http://www.goodgovernance.org.pk

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