Global Islamic Finance Market Report 2024

Islamic Finance Global Market Report 2024 – By Financial Sector (Islamic Banking, Islamic Insurance – Takaful, Islamic Bonds ‘Sukuk’, Other Islamic Financial Institutions (OIFI’s), Islamic Funds), By Size Of Business (Small And Medium Business, Large Business), By Banking (Retail Banking, Commercial Banking, Investment Banking) – Market Size, Trends, And Global Forecast 2024-2033

Islamic Finance Global Market Report 2024

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Islamic Finance Market Definition

Islamic finance refers to a financial system that operates under Islamic law (Sharia), which prohibits interest (riba) and emphasizes ethical investing, profit-and-loss sharing, and asset-backed financing. It includes banking, investments, insurance, and other financial services that comply with these principles, aiming to promote social justice, economic welfare, and the equitable distribution of wealth.

The main sectors of islamic finance are islamic banking, islamic insurance – takaful, islamic bonds ‘sukuk’, other islamic financial institutions (OIFI’s), and islamic funds. Islamic banking refers to a system of banking that is consistent with the principles of Islamic law (Shariah), which prohibit the charging or payment of interest (RIBA) and promote profit-sharing. The size of business varies from small and medium business and large business. The banking differs from retail banking, commercial banking, and investment banking.

Islamic Finance Market Segmentation

The islamic finance market covered in this report is segmented –

1) By Financial Sector: Islamic Banking, Islamic Insurance – Takaful, Islamic Bonds ‘Sukuk’, Other Islamic Financial Institutions (OIFI’s), Islamic Funds

2) By Size Of Business: Small And Medium Business, Large Business

3) By Banking: Retail Banking, Commercial Banking, Investment Banking

Global Islamic Finance Market Size 2023 to 2028: Graph

Islamic Finance Market Size 2024 And Growth Rate

The islamic finance market size has grown rapidly in recent years. It will grow from $7.16 billion in 2023 to $7.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to demand for sharia-compliant products and practices, vast oil wealth stimulated fresh interest, the importance of risk-sharing in raising finance, strong investments in halal sectors, and expanding Islamic banking services.

Islamic Finance Market Growth Forecast

The islamic finance market size is expected to see rapid growth in the next few years. It will grow to $12.45 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to the expansion of the Islamic finance industry, increase in the muslim population, ethical and socially responsible investing, government support and regulation, and globalization of Islamic finance. Major trends in the forecast period include the introduction of electronic modes in all products and services, innovation in financial products, new launches of Islamic exchange-traded funds (ETFs), popularity of ESG-related financial assets, and integration of financial technology.

Islamic Finance Market Driver: Growing Muslim Population Fuels Islamic Finance Market Expansion

An increase in the muslim population is expected to propel the growth of the Islamic finance market going forward. The Muslim population is growing due to high fertility rates and a relatively young demographic. Muslim populations use Islamic finance to manage their financial needs in accordance with shariah law, which prohibits interest and encourages ethical, risk-sharing financial practices, ensuring that their financial activities align with their religious beliefs and values. For instance, in June 2024, according to the Alliance for a New Middle East Peace (ALLMEP), a US-based non-profit organization, Israel's muslim population was estimated at 1.782 million at the end of 2023, representing 18.1% of the total residents and marking an increase of 35,000 from 2022. Therefore, the increase in the muslim population is driving the growth of the Islamic finance market.

Global Islamic Finance Market Major Players

Major companies operating in the islamic finance market are Maybank Islamic, Abu Dhabi Commercial Bank, Etiqa Islamic Berhad, Al Rajhi Bank, Mellat Bank, Riyad Bank, Abu Dhabi Islamic Bank Egypt, Kuwait Finance House, Saudi British Bank, Al Baraka Bank, Bank ABC Islamic, HSBC Amanah, First Security Islami Bank, Bank of Khartoum, Al-Arafah Islami Bank, Social Islami Bank, Al Salam Bank, Ajman Bank, Al Hilal Bank, Bank Islam Brunei Darussalam, Bank Nizwa, EXIM Bank, Iraqi Islamic Bank of Inv & Dev, Affin Islamic Bank, OCBC Al-Amin Bank, Bank Keshavarzi, Barwa Bank, Khaleeji Commercial Bank

Global Islamic Finance Market Trend: Islamic Finance Companies Drive Innovation With Digital Banking Platform

Major companies operating in the islamic finance market are focusing on innovating in financial products, such as digital banking platforms, to gain a competitive edge in the market. Digital banking platforms are online services provided by financial institutions that allow customers to conduct banking activities electronically, such as managing accounts, making transactions, and accessing financial products, via the internet or mobile applications. For instance, in March 2023, Salaam Bank Limited, a Uganda-based commercial financial institution, launched its first-ever interest-free commercial banking system and digital banking platforms, allowing it to operate following Islamic principles. The bank's national operations assert that Islamic banking has the potential to significantly contribute to Uganda's financial sector development and attract more Muslims to invest in the country's economy.

Islamic Finance Market Merger And Acquisition: Al Salam Bank Acquires Kuwait Finance House Bahrain To Strengthen Position As Leading Islamic Financial Center

In May 2024, Al Salam Bank B.S.C., a Bahrain-based financial institution, acquired Kuwait Finance House Bahrain B.S.C. for an undisclosed amount. The acquisition aligns with Al Salam Bank's growth strategy, which includes expanding its portfolio and cementing its status as the fastest-growing Islamic bank in Bahrain. Kuwait Finance House Bahrain B.S.C. is a Bahrain-based Islamic finance provider.

Regional Insights For The Global Islamic Finance Market

Middle East And Africa was the largest region in the islamic finance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the islamic finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the islamic finance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The islamic finance market includes revenues earned by entities by providing services such as sharia-compliant banking services, investment products, leasing (ijarah), trade financing (murabaha), and asset management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The islamic finance market research report is one of a series of new reports from The Business Research Company that provides islamic finance market statistics, including islamic finance industry global market size, regional shares, competitors with an islamic finance market share, detailed islamic finance market segments, market trends, and opportunities, and any further data you may need to thrive in the islamic finance industry. This islamic finance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Islamic Finance Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2024 $ 3.04 Billion
Revenue Forecast In 2033 $ 4.51 Billion
Growth Rate CAGR of 10.30% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Financial Sector: Islamic Banking, Islamic Insurance – Takaful, Islamic Bonds ‘Sukuk’, Other Islamic Financial Institutions (OIFI’s), Islamic Funds
2) By Size Of Business: Small And Medium Business, Large Business
3) By Banking: Retail Banking, Commercial Banking, Investment Banking
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Maybank Islamic, Abu Dhabi Commercial Bank, Etiqa Islamic Berhad, Al Rajhi Bank, Mellat Bank, Riyad Bank, Abu Dhabi Islamic Bank Egypt, Kuwait Finance House, Saudi British Bank, Al Baraka Bank, Bank ABC Islamic, HSBC Amanah, First Security Islami Bank, Bank of Khartoum, Al-Arafah Islami Bank, Social Islami Bank, Al Salam Bank, Ajman Bank, Al Hilal Bank, Bank Islam Brunei Darussalam, Bank Nizwa, EXIM Bank, Iraqi Islamic Bank of Inv & Dev, Affin Islamic Bank, OCBC Al-Amin Bank, Bank Keshavarzi, Barwa Bank, Khaleeji Commercial Bank
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Islamic Finance Market Characteristics

    3. Islamic Finance Market Trends And Strategies

    4. Islamic Finance Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Islamic Finance Market Size and Growth

    5.1. Global Islamic Finance Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Islamic Finance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Islamic Finance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Islamic Finance Market Segmentation

    6.1. Global Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Islamic Banking

    Islamic Insurance – Takaful

    Islamic Bonds ‘Sukuk’

    Other Islamic Financial Institutions (OIFI’s)

    Islamic Funds

    6.2. Global Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Small And Medium Business

    Large Business

    6.3. Global Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Retail Banking

    Commercial Banking

    Investment Banking

    7. Islamic Finance Market Regional And Country Analysis

    7.1. Global Islamic Finance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Islamic Finance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Islamic Finance Market

    8.1. Asia-Pacific Islamic Finance Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Islamic Finance Market

    9.1. China Islamic Finance Market Overview

    9.2. China Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Islamic Finance Market

    10.1. India Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Islamic Finance Market

    11.1. Japan Islamic Finance Market Overview

    11.2. Japan Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Islamic Finance Market

    12.1. Australia Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Islamic Finance Market

    13.1. Indonesia Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Islamic Finance Market

    14.1. South Korea Islamic Finance Market Overview

    14.2. South Korea Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Islamic Finance Market

    15.1. Western Europe Islamic Finance Market Overview

    15.2. Western Europe Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Islamic Finance Market

    16.1. UK Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Islamic Finance Market

    17.1. Germany Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Islamic Finance Market

    18.1. France Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Islamic Finance Market

    19.1. Italy Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Islamic Finance Market

    20.1. Spain Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Islamic Finance Market

    21.1. Eastern Europe Islamic Finance Market Overview

    21.2. Eastern Europe Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Islamic Finance Market

    22.1. Russia Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Islamic Finance Market

    23.1. North America Islamic Finance Market Overview

    23.2. North America Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Islamic Finance Market

    24.1. USA Islamic Finance Market Overview

    24.2. USA Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Islamic Finance Market

    25.1. Canada Islamic Finance Market Overview

    25.2. Canada Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Islamic Finance Market

    26.1. South America Islamic Finance Market Overview

    26.2. South America Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Islamic Finance Market

    27.1. Brazil Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Islamic Finance Market

    28.1. Middle East Islamic Finance Market Overview

    28.2. Middle East Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Islamic Finance Market

    29.1. Africa Islamic Finance Market Overview

    29.2. Africa Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Islamic Finance Market Competitive Landscape And Company Profiles

    30.1. Islamic Finance Market Competitive Landscape

    30.2. Islamic Finance Market Company Profiles

    30.2.1. Maybank Islamic

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Abu Dhabi Commercial Bank

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Etiqa Islamic Berhad

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Al Rajhi Bank

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Mellat Bank

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Islamic Finance Market Other Major And Innovative Companies

    31.1. Riyad Bank

    31.2. Abu Dhabi Islamic Bank Egypt

    31.3. Kuwait Finance House

    31.4. Saudi British Bank

    31.5. Al Baraka Bank

    31.6. Bank ABC Islamic

    31.7. HSBC Amanah

    31.8. First Security Islami Bank

    31.9. Bank of Khartoum

    31.10. Al-Arafah Islami Bank

    31.11. Social Islami Bank

    31.12. Al Salam Bank

    31.13. Ajman Bank

    31.14. Al Hilal Bank

    31.15. Bank Islam Brunei Darussalam

    32. Global Islamic Finance Market Competitive Benchmarking

    33. Global Islamic Finance Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Islamic Finance Market

    35. Islamic Finance Market Future Outlook and Potential Analysis

    35.1 Islamic Finance Market In 2028 - Countries Offering Most New Opportunities

    35.2 Islamic Finance Market In 2028 - Segments Offering Most New Opportunities

    35.3 Islamic Finance Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Islamic Finance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Islamic Finance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Maybank Islamic Financial Performance
  • Figure 75: Abu Dhabi Commercial Bank Financial Performance
  • Figure 76: Etiqa Islamic Berhad Financial Performance
  • Figure 77: Al Rajhi Bank Financial Performance
  • Figure 78: Mellat Bank Financial Performance

List Of Figures

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Islamic Finance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Islamic Finance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Islamic Finance Market, Segmentation By Financial Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Islamic Finance Market, Segmentation By Size Of Business, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Islamic Finance Market, Segmentation By Banking, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Maybank Islamic Financial Performance
  • Table 75: Abu Dhabi Commercial Bank Financial Performance
  • Table 76: Etiqa Islamic Berhad Financial Performance
  • Table 77: Al Rajhi Bank Financial Performance
  • Table 78: Mellat Bank Financial Performance
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Frequently Asked Questions

What is the definition of the islamic finance market?

Islamic finance refers to a financial system that operates under Islamic law (Sharia), which prohibits interest (riba) and emphasizes ethical investing, profit-and-loss sharing, and asset-backed financing. It includes banking, investments, insurance, and other financial services that comply with these principles, aiming to promote social justice, economic welfare, and the equitable distribution of wealth. For further insights on the islamic finance market, request a sample here

How will the islamic finance market drivers and restraints affect the islamic finance market dynamics? What forces will shape the islamic finance industry going forward?

The islamic finance market major growth driver - Growing Muslim Population Fuels Islamic Finance Market Expansion. For further insights on the islamic finance market, request a sample here

What is the forecast market size or the forecast market value of the islamic finance market?

The islamic finance market size has grown rapidly in recent years. It will grow from $7.16 billion in 2023 to $7.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to demand for sharia-compliant products and practices, vast oil wealth stimulated fresh interest, the importance of risk-sharing in raising finance, strong investments in halal sectors, and expanding Islamic banking services. The islamic finance market size is expected to see rapid growth in the next few years. It will grow to $12.45 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to the expansion of the Islamic finance industry, increase in the muslim population, ethical and socially responsible investing, government support and regulation, and globalization of Islamic finance. Major trends in the forecast period include the introduction of electronic modes in all products and services, innovation in financial products, new launches of Islamic exchange-traded funds (ETFs), popularity of ESG-related financial assets, and integration of financial technology. For further insights on the islamic finance market, request a sample here

How is the islamic finance market segmented?

The islamic finance market is segmented
1) By Financial Sector: Islamic Banking, Islamic Insurance – Takaful, Islamic Bonds ‘Sukuk’, Other Islamic Financial Institutions (OIFI’s), Islamic Funds
2) By Size Of Business: Small And Medium Business, Large Business
3) By Banking: Retail Banking, Commercial Banking, Investment Banking For further insights on the islamic finance market,
request a sample here

Which region has the largest share of the islamic finance market? What are the other regions covered in the report?

Middle East And Africa was the largest region in the islamic finance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the islamic finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the islamic finance market, request a sample here.

Who are the major players in the islamic finance market?

Major companies operating in the islamic finance market are Maybank Islamic, Abu Dhabi Commercial Bank, Etiqa Islamic Berhad, Al Rajhi Bank, Mellat Bank, Riyad Bank, Abu Dhabi Islamic Bank Egypt, Kuwait Finance House, Saudi British Bank, Al Baraka Bank, Bank ABC Islamic, HSBC Amanah, First Security Islami Bank, Bank of Khartoum, Al-Arafah Islami Bank, Social Islami Bank, Al Salam Bank, Ajman Bank, Al Hilal Bank, Bank Islam Brunei Darussalam, Bank Nizwa, EXIM Bank, Iraqi Islamic Bank of Inv & Dev, Affin Islamic Bank, OCBC Al-Amin Bank, Bank Keshavarzi, Barwa Bank, Khaleeji Commercial Bank For further insights on the islamic finance market, request a sample here.

What are the key trends in the islamic finance market?

Major trend in the islamic finance market - Islamic Finance Companies Drive Innovation With Digital Banking Platform. For further insights on the islamic finance market, request a sample here.

What are the major opportunities in the islamic finance market? What are the strategies for the islamic finance market?

For detailed insights on the major opportunities and strategies in the islamic finance market, request a sample here.

How does the islamic finance market relate to the overall economy and other similar markets?

For detailed insights on islamic finance market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the islamic finance industry?

For detailed insights on the mergers and acquisitions in the islamic finance industry, request a sample here.

What are the key dynamics influencing the islamic finance market growth? SWOT analysis of the islamic finance market.

For detailed insights on the key dynamics influencing the islamic finance market growth and SWOT analysis of the islamic finance industry, request a sample here.