Arab banking and finance: the spread of banking for believers

There are now over 100 Islamic financial institutions worldwide; two of the pioneers were Dubai Islamic Bank and the Islamic Development Bank. The deposits in Islamic banks are figured at more than $10 billion, less than what might have been expected had growth not been intentionally slowed due to a dearth of investment opportunities. The performance of Islamic banks has provided evidence that Islamic regulations put into practice in the contemporary banking world can lead to a bank's financial success.