territory

Trump enters perilous polling territory, raising questions over base support

Mired in a persistent cost of living crisis and an unpopular war with Iran, President Trump reached a perilous milestone last week, registering an approval rating of 34% in a top-tier poll — a record low less than halfway through his second term.

The results mark one of the sharpest polling collapses of any modern president. The data, from the Economist and YouGov, brings Trump back down to his political nadir, matching a number he hasn’t seen since the immediate aftermath of the Jan. 6 attack five years ago.

It follows on several other surveys published in recent days showing the president entering precarious political territory roughly six months ahead of the midterm elections, raising alarm bells in Republican campaign offices across the country over the party’s prospects in the fall.

It has also led pollsters to question long-standing assumptions about the president’s floor of support, wondering whether it is at risk of giving way.

“It’s harder to get lower, but it’s possible depending on what he does,” said Christopher Wlezien, a political scientist at the University of Texas at Austin. “To get that number down, you are going to have to eat into his core.”

Trump’s base of support remains strong, reinforcing a long-standing theory among pollsters that partisanship now serves as a direct proxy for presidential approval. But softening Republican support on specific policy matters — including top voter priorities, such as the economy — have begun raising questions among experts whether further erosion is possible.

A New York Times poll found his approval at 38%, and a Politico poll recorded a similar erosion, driven by a majority of Americans — including 18% of Trump supporters — stating they are financially worse off than they were before he resumed office.

Roughly 2 out of 3 Americans oppose the war Trump started with Iran. And the coalition that swept him back into office — including a surge in support from Latino, independent and young voters — has effectively disappeared.

While the downward trend looks like a story of a presidency in perpetual trouble, political scientists see a more complicated picture.

“Polarization has raised the floor and lowered the ceiling for approval ratings,” said Brandon Rottinghaus, a professor of political science at the University of Houston. “Dramatic swings are less common because approval ratings are now fixed to partisanship.”

The comparison to George W. Bush, whose numbers famously soared after the Sept. 11, 2001, attacks and cratered into the mid-20s after Hurricane Katrina and the Iraq war, is instructive of how polarization has changed in the Trump era.

Bush governed in a country capable of moving together, in favor or against a president, in response to major events. Americans are no longer swayed in that way when it comes to their views of the president, Rottinghaus argues.

“Approval ratings today are increasingly a measure of who the president is rather than what the president does,” he said.

Trump, in his own way, has seemed to nod at this dynamic. When challenged on his standing with the public, or when a Republican lawmaker breaks with him over a policy issue, he has made the argument that he and the MAGA movement are inseparable. In other words, that opposition to any decision he makes is opposition to the movement itself.

“MAGA is me. MAGA loves everything I do, and I love everything I do,” Trump said in a January interview with NBC News when asked if his base supports long-term military interventions abroad.

Rottinghaus compared the questions about presidential approval as the “same as asking whether you’re Republican or not.”

“So why ask it,” he said.

Gallup, the organization that had tracked presidential approval for eight decades, announced earlier this year that it would stop publishing approval ratings of individual political figures, a shift that underscores how the traditional measure of a politician’s popularity has evolved.

When asked about the change, a Gallup spokesperson told the Washington Post at the time that “the context around these measures has changed.”

“They are now widely produced, aggregated and interpreted, and no longer represent an area where Gallup can make its most distinctive contribution,” the spokesperson added.

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World’s Best Islamic Financial Institutions 2026: Country and Territory Winners

Home Awards Award Winners World’s Best Islamic Financial Institutions 2026: Country and Territory Winners

In 2026, Islamic financial institutions continue to demonstrate resilience, innovation, and regional impact.

Across the Middle East, Asia, and beyond, leaders are balancing robust growth with Shariah-compliant practices, setting new standards in both domestic and cross-border markets.

Institutions are harnessing digital transformation to deliver more efficient, accessible, and customer-focused banking, from mobile apps and AI-powered services to fully digitized payment and investment platforms. Their portfolios span retail, corporate, and wealth banking, while many are pioneering new products in sukuk, digital savings, and Shariah-compliant investment solutions.

Regional leaders are also championing financial inclusion, SME support, and sustainable initiatives, reflecting a commitment to both community development and responsible growth. Across markets, the combination of innovative technology, solid performance, and ethical finance is positioning these institutions as benchmarks of excellence in the global Islamic finance landscape.

Regional Winners

Bilal Parvaiz
Bilal Parvaiz, CEO

Asia-Pacific

SCS is a leading Islamic financial institution throughout Asia and particularly in Malaysia, Pakistan, Brunei, Singapore, and Indonesia, providing innovative solutions for Shariah-compliant financial needs. With the support of parent Standard Chartered Bank, it also provides access to the global banking and financial markets. SCS is active across corporate and investment banking, trade finance, wealth management, and retail and private banking as well as the sukuk market.


Farid Al Mulla
Farid Al Mulla, CEO

Middle East

EIB had a banner year in 2025, reporting net profit up 19% at 3.3 billion UAE dirhams ($899 billion), driven by robust balance-sheet growth and higher recoveries. Financing growth was 26% over the retail and corporate banking segments. Total income in retail banking and wealth management increased 14%, driven by increased customer liabilities and Islamic financing growth. Total income from corporate and institutional banking increased 15%. Supported by a sophisticated digital offering, EIB’s franchise has strengthened across a broad menu of Shariah-compliant products.

Country and Territory Winners

table visualization

Bahrain

Part of the KFH Group, KFH Bahrain continued to develop its domestic franchise last year; to focus more closely on the local Islamic market, it sold its stake in Oman’s Ahlibank. A signal achievement in 2025 was the successful, $400 billion Additional Tier 1 Sukuk offering, the largest of its kind ever in Kuwait. Also last year, KFH Bahrain launched the KFH Gold Account, Bahrain’s first digital gold investment and savings account. KFH’s MyHassad Savings Scheme is now the island kingdom’s largest prize-based savings product, with a record-breaking deposit portfolio of $675 million following 17% growth last year. The bank also completed its fully digitized Liquidity Management Solution in 2025.

Brunei Darussalam

Bank Islam Brunei Darussalam is the dominant bank in Islamic finance in Brunei Darussalam, with assets of $8.3 billion covering a range of Islamic SME and consumer financing products.

Egypt

A leading performer in Egypt’s Islamic banking sector, ADIB Egypt reported assets of $7.3 billion last year, up by 42% in US dollar terms, thanks to growing market share as net profit grew 25% to $256 million. ADIB Egypt offers retail and corporate banking services together with investment banking, leasing, asset management, and microfinance.

Indonesia

Indonesia’s first Islamic bank, founded in 1991, Bank Muamalat today holds total assets of $4 billion. It provides a comprehensive range of Shariah-compliant financial services and has pioneered many Islamic banking products in Indonesia.

Jordan

IIAB takes the title as 2026 Best IFI for Jordan thanks to a strong performance in 2025, significant digital progress, and a widening business reach. Growth was in double figures and assets now total some $6 billion. IIAB holds a 22% market share of Islamic assets in the kingdom. IIAB serves individuals, SMEs and large corporates, in addition to financing large projects. It has been an initiator of multiple domestic SME enablers, including the Kafalah Scheme, Jordan’s first Shariah-compliant finance guarantee scheme, and jointly organized the first Islamic funds mobilization with the Central Bank of Jordan, the Arab Fund, the World Bank, and other regional players.

IIAB’s digital banking services include a high-end mobile app that includes digital onboarding, seamless access to most of IIAB’s banking services, personal finance management, and third-party services via the bank’s ecosystem. IIAB is also an active AI adopter, embedding it at the core of its digital transformation to enhance customer experience, operational efficiency, and Shariah-complaint innovation.

Kuwait

Kuwait’s second-largest bank, KFH now controls over 60% of domestic Islamic banking assets and is by far the kingdom’s largest Islamic institution. It holds a 30% share of conventional and Islamic banking assets. Domestically, KFH dominates the Islamic financing and deposit market—and, in turn, has a strong presence in the overall banking sector for both deposits and financing/loans—as well as a strong positions in retail, private, and corporate banking.

Malaysia

Maybank Islamic, Malaysia’s flagship Islamic institution, is innovative, well managed, and over the long term, has recorded impressive performance. It is often first in introducing innovative Shariah-compliant financial products. In its home country, the bank controls around 30% of Islamic assets, but its activities extend across other Asian markets as well, making it the largest Islamic bank outside the Middle East and fifth-largest globally with $90 billion in assets. It also holds a prominent position in the global sukuk market. Maybank’s financial metrics are solid, with a strong capital base and good returns.

Morocco

Umnia Bank was Morocco’s first Islamic bank, established in 2017.  Shareholders include Qatar International Islamic Bank, CIH Bank (Credit Immobilier et Hotelier), and Caisse de Dépôt et de Gestion (CDG). Unmia operates the country’s largest Islamic banking network and is its largest by total assets, with around 50% market share in financings and 40% in deposits. Its main areas of financing are automobiles, real estate, and equipment finance.

Oman

With $5.2 billion in assets at the end of last year, Bank Nizwa is Oman’s seventh-largest bank, with a focus on innovation that has helped broaden its reach in its home market. Oman’s first digital Islamic bank, it remains focused on digital expansion.

Reinforcing its commitment to leveraging strategic partnerships, Bank Nizwa launched the Tranna app last year in collaboration with Zappit, a financial technology company. The app is designed for expatriates living and working in Oman, enabling instant transfers to six countries: India, Sri Lanka, Pakistan, Nepal, the Philippines, and Bangladesh. Also last year, Bank Nizwa launched its Electronic Mandate (E-Mandate) for Direct Debit service that streamlines recurring transactions and enhances the overall banking experience for corporate and retail customers.

Pakistan

Meezan Pakistan had a strong 2025, launching several new products. Totall deposits increase by 28% to $17.2 billion, aided by a large branch and ATM network and solid digital infrastructure.

Meezan continued to strengthen its digital offerings via WhatsApp Banking, a simple, secure, and accessible transactions channel, and its highly rated mobile app, which is recognized for its simplicity, speed, and reliability. The app expanded its user base 40% to over 4.3 million while financial transactions increased 40% to 553 million.

The bank offers one of the industry’s most comprehensive portfolios of debit cards, supported by advanced payment technologies including NFC-enabled payments, chip and PIN security, mobile-based contactless transactions, and 3D secure e-commerce payments.

Qatar

The emirate’s largest Islamic bank and its second-largest bank overall, QIB enjoys a strong franchise and market position, when ranked by total banking assets. QIB reported 2025 net profit of $1.3 billion as total assets reached $61 billion, as total assets rose to 10% to $61 billion, QIB is also active in the Islamic capital markets, including sukuk-related activities, structured financing, and transaction execution. QIB has significant government backing, with the Qatar Investment Authority its largest shareholder.

Saudi Arabia

Al Rajhi Bank is the world’s largest Islamic financial institution and Saudi Arabia’s flagship Islamic bank with $278 billion in total assets and $6.6 billion in net profit at the end of last year. It operates a strong retail banking network in its home market, particularly measured by deposits and income. It ranks first in banking transactions with 1 billion per month and first in remittances for the Middle East by payment value. Al Rajhi has 20.6 million customers in Saudi Arabia and the leading market share in deposits at 22.6%.  Financial metrics are good, particularly capital ratios with total CAR at 21.9% at the end of 2025 and ROAA of 2.4%.

Sri Lanka

Al-Adalah, Commercial Bank of Ceylon’s Islamic banking window, offers a diverse portfolio of innovative Shariah-compliant products. Assets grew 67% last year as the financing portfolio doubled. The bank also made a strategic pivot in 2025 toward SME financing and sustainable energy projects.

Turkey

KTKB is KFH’s Turkish subsidiary. The largest Islamic bank in Turkey and one of the country’s top 10 banks, its business model has proved resilient amid a challenging operating environment. Commanding a 34% market share in Turkish Islamic banking, it also operates an Islamic bank in Germany under the name KT Bank AG as well as a Bahrain office that serves as a bridge between Turkey and the Gulf Cooperation Council states.

United Arab Emirates

EIB’s market position grew significantly in 2025 as assets increased 30% to $39.7 billion and deposits grew 33%, bolstered by a strong balance sheet and strong capital and liquidity position. The third-largest Islamic bank in the UAE, EIB has been improving its digital infrastructure and increasing its AI utilization. It has expanded its wealth management services and products, becoming the first Islamic bank in the UAE to launch a Shariah-compliant digital wealth offering and equity trading via mobile banking app.

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George Noble backs energy, gold miners as bond markets enter ‘dangerous’ territory (CL1:COM:Commodity)

stack of shiny gold bars 3d illustration

monsitj/iStock via Getty Images

Veteran investor George Noble said investors should avoid long-dated bonds and instead focus on energy, commodities, and gold miners as rising deficits, sticky inflation, and higher yields reshape markets.

(George Noble, in collaboration with Seeking Alpha, will host the

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Venezuela’s acting president defends country’s territory and rejects Trump’s 51st state remarks

Venezuela ’s acting President Delcy Rodríguez told journalists Monday that her country had no plans to become the 51st U.S. state after President Trump said he was “seriously considering” the move.

Rodríguez was speaking at the International Court of Justice in The Hague on the final day of hearings in a dispute between her country and neighboring Guyana over the massive mineral- and oil-rich Essequibo region.

“We will continue to defend our integrity, our sovereignty, our independence, our history,” said Rodríguez, who assumed power in January following a U.S. military operation that ousted then-President Nicolás Maduro. Venezuela is “not a colony, but a free country,” she added.

Speaking to Fox News earlier on Monday, Trump said he was “seriously considering making Venezuela the 51st U.S. state,” according to a post by Fox News’ co-anchor John Roberts on social media. The White House did not immediately respond to a request for comment on the matter.

Trump has made similar comments about Canada.

Rodríguez went on to say that Venezuelan and U.S. officials have been in touch and are working on “cooperation and understanding.”

Before addressing Trump’s comments, Rodríguez defended her country’s claim to Essequibo at the United Nations’ highest court, telling judges that political negotiations — not a judicial ruling — will resolve the century-old territorial dispute.

The 62,000-square-mile territory, which makes up two-thirds of Guyana, is rich in gold, diamonds, timber and other natural resources. It also sits near massive offshore oil deposits currently producing an average 900,000 barrels a day.

That output is close to Venezuela’s daily production of about 1 million barrels a day and has transformed one of the smallest countries in South America into a significant energy producer.

Venezuela has considered Essequibo its own since the Spanish colonial period, when the jungle region fell within its boundaries. But an 1899 decision by arbitrators from Britain, Russia and the United States drew the border along the Essequibo River largely in favor of Guyana.

Venezuela has argued that a 1966 agreement sealed in Geneva to resolve the dispute effectively nullified the 19th-century arbitration. In 2018, however, three years after ExxonMobil announced a significant oil discovery off the Essequibo coast, Guyana’s government went to the International Court of Justice and asked judges to uphold the 1899 ruling.

Tensions between the countries further flared in 2023, when Rodríguez’s predecessor, Maduro, threatened to annex the region by force after holding a referendum asking voters if Essequibo should be turned into a Venezuelan state. Maduro was captured Jan. 3 during a U.S. military operation in Venezuela’s capital, Caracas, and taken to New York to face drug trafficking charges. He has pleaded not guilty.

Rodríguez did not address the referendum in her remarks, but she told the court that the 1966 agreement is designed to allow negotiations between Venezuela and Guyana to resolve the territorial dispute. And she accused Guyana’s government of undermining the agreement with the “opportunistic” decision to ask the court to address the dispute.

“At a time when the mechanisms established in the Geneva agreement were still fully in force, Guyana unilaterally chose to shift the dispute from the negotiating arena to a judicial resolution,” she said. “This change was not accidental; it coincided with the discovery in 2015 of the oil field that would become world-renowned.”

When hearings opened last week, Guyana’s foreign minister, Hugh Hilton Todd, told the panel of international judges that the dispute “has been a blight on our existence as a sovereign state from the very beginning.” He said that 70% of Guyana’s territory is at stake.

The court is likely to take months to issue a final and legally binding ruling in the case.

Venezuela has warned that its participation in the hearings does not mean either consent to, or recognition of, the court’s jurisdiction.

Quell and Cano write for the Associated Press. Garcia Cano reported from Mexico City.

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