|MENA COUNTRIES(MENA is Middle East and North Africa)
|BANKING PROFILE||OIL||TRAINING ACTIVISTS, ETC. (DEMOCRACY AND GOVERNANCE) For 2006 -2008 (last year available)U.S Government ——————à| <——-Soros|
|Central Bank controlled by their govern-ment||Financial Center for Islamic Finance||Number of Islamic Financial Institu-tions9(banks + mortgage etc)||Market Share of Islamic Financial Institu- tions||Oil Bourse-market not selling oil in US$||Reserves Of Oil182007(millions of barrels)||USAID +State GJD + NED2006-2008 (millions of $)15||Population In 200816(millions)||(USAID + State GJD + NED) dollars per 1000 people||MEPI – regional projects, not by country (U.S. + Soros)||Open Society Institute(Soros – $ by country not avail-able)|
|Egypt||3||7%12||3 700||$ 156M||74.2M||$2100||yes||Na|
|Iran||yes1,2||yes7||16||100%7||X||136 000||$ 38M||31M||$1230||$7M20||X|
|Kuwait||78||32%11||102 000||$ 0.2M||3.4M||$60||yes||Na|
|SaudiArabia||38||37%11||262 000||$ 2M||24.8M||$80||yes||Na|
|Syria||yes5||6||1%12||2 500||$ 7.5M||19.6M||$380||$5M20||Na|
|Yemen||4||31%14||3 000||$ 8M||24.3M||$330||yes||Na|
|TOTAL FOR MID EAST||2||2||268||na||1||737 600||$321 without Iraq||299M||$1070 without Iraq||na||Na|
|Sudan||yes||30||na||5 000||$ 171M||38.2M||$4480||yes||Na|
|Tunisia||yes8||3||1%12||400||$ 1.1 M||10.3M||$110||Yes||Na|
|TOTAL FOR N. AFRICA||1||1||36||na||0||59 400||$197M||123M||$1600||na|
|TOTAL FOR MENA REGION||4||3||304||na||797 000||$518M||$422M||$1230||$110M19||$90M***|
· Reserve Life = reserves divided by annual production
** includes similar projects from the Millenium Challenge Corporation
*** an estimate based on information on the OSI website –expenditures by country are not available
1. Clarke, Alison; and Paul Kohler. Property law: commentary and materials. Cambridge University Press. 2005. p 40.
2. U.S. Department of the Treasury. , Iran: What You Need To Know About US Economic Sanctions, 2010. Appendix A: Banks Owned Or Controlled By The Government Of Iran, p 3.
3. Central Bank (in name only) of Iraq website.
4. Central Bank (in name only) of Libya website
5. “The Council on Money and Credit established monetary policy and supervised banking, subject to review by a ministerial committee responsible for the whole economy. The general philosophy was that the banking system should be an agent of government economic policy. Direct controls were used more often than indirect ones; credit, for example, was regulated by setting limits for each sector and each bank.” Library of Congress, Country Studies: Syria (1987)
6. Bahrain Financial Harbor and Gulf Finance House
7. Dar, Humayon. Islamic Banking In Iran and Sudan. Business Asia. June 27, 2010. “. . .[Iran has] some of the largest Islamic banks in the world. For example, Bank Melli Iran is the largest Islamic bank in the world in terms of assets under management (AUM). It has over US$ 59 billion under management, with 3,300 branches and over 43,000 employees. … Given this prime role played by Iranian Islamic banking in the global context …”
8. Tunis Financial Harbour
9. Samy Nathan Garas, Chris Pierce, (2010) “Shari’a supervision of Islamic financial institutions”, Journal of Financial Regulation and Compliance, Vol. 18 Iss: 4, pp.386 – 407, Table AI. (Except for Morocco, see 12).
10. Bourihane, Nouria. La finance islamique se répand en Algérie. Le Temps d’Algerie. 06-11-2010
11. Standard and Poor’s. Islamic Finance Outlook 2010
12. The World Bank. Symposium on Islamic Finance in Roma: Developments in MENA region
13. Turkey: A Special Dynamic To Islamic Banking. Islamic Finance Asia. July/August 2010.
14. Yemen: Islamic banks account for 31 % of assets in Yemeni banking. Yemen Observer. Apr 16 2009
15. United States Government Accountability Office. Report to Congressional Committees. Democracy Assistance Sept 2009
16. Arab Monetary Fund, Statistical Bulletin of Arab Counties, 2010 (unless otherwise footnoted)