17 Islamic banks rank among the Arab world's top 50
First Bank’s ranking of the largest 200 banks operating in the Arab world at end-June 2026 revealed a strong presence of Islamic banks among leading institutions, with 17 securing places among the top 50.
The 17 Islamic banks recorded combined assets of approximately USD 1.17 tn at end-June 2026, reflecting the significant weight of Islamic banking institutions among the region’s largest banking entities.
The ranking showed that five Islamic banks secured places among the top 20 Arab banks, with combined assets reaching approximately USD 703.45 bn, representing around 19.8 per cent of the top 20 banks’ total assets.
Alrajhi Bank topped the listed Islamic banks, ranking fifth across the Arab world with assets of USD 280.73 bn at end-June 2026, making it the only Islamic bank among the top five.
Kuwait Finance House (KFH) ranked tenth across the Arab world, with assets of USD 137.11 bn, followed by Dubai Islamic Bank (DIB) in twelfth place, with assets reaching USD 115.22 bn at end-June 2026.
alinma bank ranked fifteenth across the Arab world, with assets of USD 87.64 bn, while Abu Dhabi Islamic Bank (ADIB) ranked eighteenth, recording assets of USD 82.75 bn at end-June 2026.
AlRayan Bank ranked twenty-sixth across the Arab world, with assets of USD 50.52 bn, followed by Bank AlBilad in twenty-seventh place with USD 49.63 bn, and Bank AlJazira in twenty-ninth place with USD 48.22 bn.
Emirates Islamic ranked thirty-fourth across the Arab world, with assets of USD 41.88 bn, followed by Dukhan Bank in thirty-fifth place with USD 35.46 bn, and Boubyan Bank in thirty-sixth place with USD 34.40 bn.
The ranking also included Al Baraka Bank in thirty-ninth place across the Arab world, with assets of USD 32.96 bn, Bank of Khartoum in forty-first place with USD 31.12 bn, and Kuwait Finance House (Bahrain) in forty-third place with USD 29.02 bn.
Sharjah Islamic Bank ranked forty-sixth across the Arab world, with assets of USD 25.74 bn, while Al Salam Bank ranked forty-ninth, recording assets of USD 22.82 bn at end-June 2026.
The ranking highlights the prominent position of Islamic banks in the Arab banking sector, as they secured more than one-third of the top 50 places and one-quarter of the top 20, supported by substantial asset bases and geographical presence across several Arab markets.
