NBI of Islamic banks reaches 234 MD in 2018 (BCT)
17/01/2020 20:54, TUNIS/Tunisia
(TAP)– The Net Banking Income (NBI) of Islamic banks reached 234 million dinars (MD) in 2018, against 196 MD in 2017, according to the annual report on banking supervision 2018, published on Thursday by the Central Bank of Tunisia (BCT).

The active share of the Islamic Banks in the banking sector, however, was at the same level of 2017, i.e. 5.6%.
Islamic banks gradually promoted their position in 2018, gaining almost 1.1% of market share of assets, 1.5% of market share in terms of deposits and 1.6% of market share of credits, the report said.

Islamic banks dominated 6.3% of the total deposits and 4.8% of the total credit of the banking sector, knowing that among the 23 banks resident in Tunisia, only 3 banks are labelled as Islamic Banks.

 // Islamic banks expenses increase by 19.1%

The expenses (unpaid claims and which are held on customers or all operating expenses such as purchases of goods or stocks of raw materials not consumed or not sold) of Islamic banks reached to 4.101 MD, recording an increase of 658 MD or 19.1% compared to the year 2017.

The credit operations of Islamic banks reached 3550 MD in 2018, mainly through Mourabaha (65.7%) and Ijara (19.8%) operations.
The resources of Islamic banks evolved by 17.2% in 2018, compared to 2017, i.e. 648 MD, against a 43 MD drop in their resources in the medium and long term, i.e. 21, 5%.

These 3 resources constitute only 3.6% of the total resources of Islamic banks, compared to 5.3% in 2017 and 7.7% in 2016.
The report mentioned that the BCT considered, since 2018, establishing a regulatory framework to practice Islamic banking operations by conventional banks.

A draft circular  was launched in 2018, aimed to define and fix the terms and conditions for the exercise of the various Islamic operations.

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