Basel III in support of the Islamic banking principal
December 23, 2010Is Islamic finance the new challenge to Wall Street?
December 26, 2010“1.6 billion Muslims and 57 OIC countries. Qatar stands at number one with the highest per capita income in the world $83,841 and Brunei is at number five with per capita income $49,110. 22 OIC member countries are currently classified by the World Bank as Low-income countries and 28 are Middle-income countries (20 lower middle-income and 8 upper middleincome). In contrast, only 7 OIC member countries are classified as high-income countries. World Bank classification by level of indebtedness, 22 OIC member countries are considered as Heavily Indebted Poor Countries (HIPCs), potentially eligible to receive debt relief”. Source: Annual Economic Report of the OIC Countries 2010. Click Annual Economic Report 2010
As a reflection to the above, just watch the video below.
OIC member countries 57 GDP
1-Turkey: 1,028,897,000,000 – 13.138
2 – Indonesia: 907,264,000,000 – 3.600
3-Iran: 839,438,000,000 – 8.400
4 – Saudi Arabia: 601,200,000,000 – 13.100
5-Egypt: 445,300,000,000 – 3.900
6-Pakistan: 401,900,000,000 – 2.400
7-Bangladesh: 376,300,000,000 – 2.100
8-Malaysia: 327,030,000,000 – 12,000
9-Algeria: 274,500,000,000 – 7.200
10-Nigeria: 234,500,000,000 – 1,400
11-United Arab Emirates: 208,100,000,000 – 45.200
12-Morocco: 204,300,000,000 – 4.100
13-Kazakhstan: 173,800,000,000 – 8.300
14-Kuwait: 156,100,000,000 – 20.300
15-Sudan: 149,890,000,000 – 2.100
16-Tunisia: 131,850,000,000 – 8.200
17-Qatar: 124,420,000,000 -$83,841
18-Libya: 121,000,000,000 – 11.800
19-Iraq: 104,310,000,000 – 1.800
20 – Syria: 93,760,000,000 – 3.900
21-Uzbekistan: 88,360,000,000 – 1.900
22-Azerbaijan: 72,990,000,000 – 5.400
23-Uganda: 66,390,000,000 – 1.800
24-Oman: 65,750,000,000 – 13.500
25-Cameroon: 53,140,000,000 – 2.300
26-Turkmenistan: 49,580,000,000 – 7.900
27-Ivory Coast: 45,850,000,000 – 1.600
28-Jordan: 37,180,000,000 – 4.700
29-Mozambique: 28,460,000,000 – 1.300
30-Lebanon: 22,780,000,000 – 6.000
31-Afghanistan: 21,500,000,000 – 800
32-Senegal: 20,570,000,000 – 1.800
33-Yemen: 19,360,000,000 – 900
34-Albania: 18,870,000,000 – 5.300
35-Guinea: 18,650,000,000 – 2,000
36-Burkina Faso: 16,660,000,000 – 1.200
37-Bahrain: 15,900,000,000 – 23.100
38 – Chad: 13,980,000,000 – 1,400
39-Mali: 13,610,000,000 – 1.200
40-Niger: 11,590,000,000 – 1,000
41-Kyrgyzstan: 10,080,000,000 – 2,000
42-Gabon: 9,739,000,000 – 7,000
43-Togo: 8,802,000,000 – 1.600
44-Tajikistan: 8,617,000,000 – 1.200
45-benin: 8,419,000,000 – 1.100
46-Mauritania: 6,901,000,000 – 2.200
47-Brunei: 6,842,000,000 -$49,110
48-Sierra Leone: 4,939,000,000 – 800
49-Somalia: 4,809,000,000 – 600
50-Guyana: 3,439,000,000 – 4,500
51-The Gambia: 3,034,000,000 – 1.900
52-Suriname: 2,893,000,000 – 6.600
53-Maldives: 1,250,000,000 – 3.900
54-Guinea-Bissau: 1,171,000,000 – 800
55-Djibouti: 619,000,000 to 1.000
56-Comoros Islands: 441,000,000 to 600
57-Palestine (not available )