20. Masraf Al Rayan

Country : Qatar

Group CEO: Fahad Al Khalifa

Market value: $10.6 billion

Revenues: $1.4 billion

Profits : $474 million

Assets: $47.8 billion

Masraf Al Rayan is a Shariah-compliant bank with 15 branches in Qatar and two in the U.K. through its subsidiary, Al Rayan Bank PLC. In November 2021, Masraf Al Rayan announced the completion of a merger with Al Khalij Commercial Bank, creating one of the largest Shariah-compliant banks in the region with nearly $50 billion in total assets.

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20. Masraf Al Rayan