As per the rankings, Malaysian based Hong Leong Islamic Bank lead the global financial disclosure index rankings with a score of 80. Next, on the ranking charts is Al Baraka bank and Venture Capital bank, both based in Bahrain with a score of 69 and 68 respectively.
Middle East Global Advisors, the organisers of the WIBC for the past 22 years, utilises the Financial Disclosure Index as one of the sub-indicators of the WIBC Leaderboard, an industry benchmark that will form the basis of the WIBC Performance Awards 2015. The Ceremony for the Awards will be held at the Gala Dinner of the 22nd Annual World Islamic Banking Conference which is taking place on the 1st, 2nd and 3rd December at Gulf Hotel Bahrain.
The financial disclosure rating measures the extent to which customers and stakeholders are protected through disclosure of ownership and financial information. The index ranges from 0 to 100, with higher values indicating more disclosure.
First in the series of the WIBC Leaderboard performance indicators, the Financial Disclosure Index chart shows the bank’s name (horizontal axis) and Financial Disclosure Index score (vertical axis) of the top 15 Global Islamic banks ranked on the basis of financial disclosure score.
(CPI Financial / 09 September 2015)
---Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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