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Firstly there is the challenge to develop o robust Islamic Financial system at the national level.
The level of develpoment of Islamic Finance across Jurisdictions varies significantly.While in some, Islamic Finance is at an advanced stage of development , in others more meaningful progress is yet to be made.To foster greater international linkages and cross-border transactions , the level of development of Islamic Finance needs to reach a certain threshould of development and sophistication.
It requires the develpoment of robust Islamic Financial intermediaties , the International financial markets offering the range of Islamic financial products that supported by a developed Islamic financial infrastructure.
Conclusion:
Building the fundations on which Islamic finance has been able to advance forward has been vital to is viability,competitiveness and sustainability in this challenging global financial system.
It would strengthen further the global economic and and financial inter-linkages and on so doing would open new frontiers towards achieving more balanced global growth and greater shared global prosperity...
Meezan Bank and Bank Islami in Pakistan
In Pakistan Meezan bank is the leading Islamic Banking, then Bank Islami Pakistan Limited
In Oman, Bank Nizwa, Alizz Islamic Bank
Role model for strick Shariah compliant Banks i/o simple lableing of Islamic Banking.
1. Meezan Bank , Pakistan
2. Kuwait Finance House, Kuwait
This is my person opinion as per my research .
Saudi credit and saving bank
Kuwait Finance House is one of the leading financial institutions world wide. Founded by Mr. Ahmad Bizey' Al-Yaseen. It's Shariah board was served by well known names of scholars like Mr. Ajeel Al-Nashmi, Mr. Khalid Al-Mathkour, and Dr. Mohammad Al-Tabtabaie.
