EXUS Collections & Recovery Blog

3 Powerful Lessons Islamic Finance Has For Retail Banks

Posted by Raul Gaitas on Fri, Feb 03, 2017 @ 11:00 AM

Doha_skyline_in_the_morning_12544910974.jpgIslamic banking used to be vogue only in Asia and the Middle East. In 2012, 43% of industry activity was in Iran, according to The Economist. Saudi Arabia and Malaysia accounted for 22%. But the asset class’ appeal is growing fast. The Economist pegs the industry to grow 19.7% per year until 2018. And as Islamic banking booms, its geographic footprint is growing, too.

Banks in the west have raised money with a type of bond (sukuk) used in Islamic finance. And countries outside Muslim-dominant nations are considering issues.

Retail bankers have learned to appreciate Islamic banking's high sustainable growth. They're also fans of its responsible capital allocation.

Yet that's not all they can learn from this industry. Islamic banking offers retail banks in mature markets three big lessons on how to grow in 2016. 


Why Middle East Banks Need to Rethink Debt Collections and Debt Collection Software

Posted by Chris Maranis on Wed, Mar 02, 2016 @ 10:00 AM

dubai-727509_960_720.jpgThe Middle East faces a retail banking environment characterized by significant volumes of non-performing loans (NPLs) and robust technological change. Banks operating in this environment face increasing debt collection costs, growing bad debt writeoffs and the need for higher provisions against loan losses.

The good news is that opportunities abound both at home and abroad. Banks are growing and breaking into new markets. But higher profits are available only to banks that manage the consequences of growth. Managing credit loss is a key business driver for banks in the region, one that has a direct impact on profits and the bottom line. 

Smart banks are implementing strategies to minimize NPLs andmaximize debt collection efforts. The top players are adopting specialized debt collection software to capture more value from the business already on their books.


Proven Strategies To Improve Your Islamic Banking Profitability

Posted by Raul Gaitas on Thu, May 14, 2015 @ 09:00 AM

The rapid growth of the Islamic banking sector is good news for this branch of financial services. But some suggest that profitability remains a struggle.


Islamic Banks: Don’t Make This Mistake

Posted by Raul Gaitas on Wed, Apr 08, 2015 @ 06:00 AM

Islamic banks are growing fast. They saw 17.6% annual growth in the past several years, as noted by professional services firm EY. But with growth comes challenges.


Islamic Banks: What You Need to Grow

Posted by Raul Gaitas on Mon, Mar 09, 2015 @ 10:30 AM

If you work in Islamic banking, congratulations: With $2 trillion globally in assets, Islamic banking is expected to grow 19.7% per year until 2018.