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Islamic Finance Market 2022 Expected to Show Impressive Growth by


PUNE, Aug. 08, 2022 (GLOBE NEWSWIRE) — The research report on ‘Islamic Finance Market’ focuses on global information that can help in making decisions on the current market situation. This report provides data on types, applications, revenue, growth rate, raw edge, with the work of top players in the market. This article contains the financial changes over the years with the impact of COVID-19 on the Islamic finance market. The global Islamic finance market is witnessing moderate growth, owing to heavy investment in halal sectors, infrastructure and Sukuk bonds, especially through electronic modes in all products and services. The factors that are driving the growth of the market are directing the investments towards the tremendous growth opportunities in the promising Islamic sectors. The total value of the industry, according to major industry stakeholder organizations, across its three main sectors (Banking, Capital Markets and TAKĀFUL), was estimated at $2.05 trillion in 2017, marking a growth 8.3% of dollar assets and reversing the previous two years of stagnant asset growth (2017: $1.89 trillion vs. 2016: $1.88 trillion).

Islamic Finance Market Report Contains:-

  • Comprehensive overview of the global Islamic finance market
  • Key country data and analysis for USA, Canada, Mexico, Germany, France, UK, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. progress of key regional Islamic finance markets such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa
  • Description and Analysis of Islamic Finance Market Potential by Type, In-Depth Analysis, Disruption, Application Ability, End-Use Industry
  • assessment of the impact of the most significant drivers and restraints, and global Islamic finance market dynamics and current business trends
  • Detailed profiles of major major industry players including. Bank Al-Rajhi, Dubai Islamic Bank and Kuwait House Finance are some of the major players present in the region.

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Islamic Finance Market Segmentation:-

SUKUK’s global assets jumped a record 25.6% to close at $399.9 billion at the end of 2017 [2016: USD 318.5 billion], according to industry sources, through strong sovereign and multilateral issuance in major Islamic finance markets to support respective fiscal spending. This included the first sovereign SUKUK market entries by Saudi Arabia and Nigeria, as well as the pan-African multilateral development finance institution, Africa Finance Corporation.

Main market trends

Islamic banking is the largest segment

Islamic banking is the largest sector in the Islamic finance industry, contributing 71%, or $1.72 trillion, of industry assets. The sector is supported by an array of commercial, wholesale and other types of banks. Yet, commercial banking remains the main contributor to the growth of the sector. There were 505 Islamic banks in 2017, including 207 Islamic banking windows. However, the number of players is not necessarily indicative of the size of the industry, in terms of assets. The second largest Islamic finance market, Saudi Arabia, has 16 Islamic banks, including tellers, which is fewer than the smaller markets of Malaysia and the United Arab Emirates.

With the growing popularity of mobile banking, especially among young people, according to PwC’s Digital Banking Consumer Survey 2018, an increasing number of digital-only banks, or “disruptive banks” without physical branches, have sprung up. Islamic banks are also catching up with this trend, with the launch of digital-only subsidiaries, such as Gulf International Bank’s Meem in Bahrain and Saudi Arabia, and Albaraka Türk’s insha in Germany and other European countries with large Muslim communities.

Islamic banking is generally considered to have two advantages over conventional banking. The first is the perception that Islamic banks are tied to a higher moral standard. They will not take irresponsible risks and pay outrageous bonuses to their best bankers. The second is that the income comes from identifiable assets, not from opaque combinations of derivatives and securities. Because Islamic banks cannot earn money from interest, they rely on ties to tangible assets, such as real estate and equity, charging “rent” instead of interest.

GCC Regional Overview

Shariah-compliant assets represent a significant portion of GCC’s total banking assets. While in the Middle East and North Africa (MENA) region, Islamic banking assets account for 14% of total banking assets. In the GCC, the market share of Islamic banks crossed the 25% threshold, suggesting that Islamic banks have become systemically important in these countries.

Islamic banking assets in the GCC reached $490 billion at the end of June 2013, with Saudi Arabia dominating the region with a 49% share, followed by the United Arab Emirates (19%), Kuwait (16%), Qatar ( 11%), and Bahrain (5%). This segment is still nascent in Oman (Islamic Financial Services Board (IFSB), (2015)). Islamic banking has acquired systemic proportions in Kuwait, Saudi Arabia and the United Arab Emirates, in accordance with the systemic definition of the IFSB, i.e. at least 15% of banking system assets. Islamic retail banking in Bahrain has reached systemic proportions with a 27% asset share in retail banking and a 13% asset share in all retail and wholesale banking. Oman’s entry into Islamic banking dates back to late 2012.

Competitive landscape

The global Islamic finance market is fragmented with a large number of players trying to capture a significant share of the developing market. In some regions, such as Asia and Africa, it is growing moderately with the presence of a large number of local players and a few major players. However, GCC is a highly competitive market, with the presence of a large number of international players. Bank Al-Rajhi, Dubai Islamic Bank and Kuwait House Finance are some of the major players present in the region.

The “Islamic Finance Market Size 2022” research report focuses on the global information which can help in making decisions on the current market situation. This report provides information about size, types, application, production, revenue, growth rate, gross margin, opportunity with future risk analysis. The report also depicts the major company profiles present in the market along with trends across the globe. This article contains the financial changes over the years with the impact of COVID-19 on the Islamic finance market.

Market Segment by Region/Country comprising:-

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Spain etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
  • South America (Brazil, Argentina, Colombia, etc.)
  • Middle East and Africa (South Africa, United Arab Emirates, Saudi Arabia, etc.)

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Key Players in the Islamic Finance Market:-

  • Bank Al Rajhi,
  • Dubai Islamic Bank,
  • Kuwait House Funding

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Detailed TOC of Global Islamic Finance Market Growth, Trends and Forecast (2022-2030)


1.1 Study deliverables

1.2 Assumptions of the study

1.3 Scope of the study


2.1 Methodology of analysis

2.2 Research phases



4.1 Overview

4.2 Drivers

4.3 Constraints

4.4 Opportunities

4.5 Porter’s Five Forces Analysis

4.6 Industry Value Chain Analysis



5.1.1 Islamic banking

5.1.2 Islamic Insurance: Takaful

5.1.3 Islamic bonds

5.1.4 Islamic Funds: Equity and Other Instruments


5.2.1 GCC Saudi Arabia United Arab Emirates Qatar Kuwait Bahrain Oman

5.2.2 Middle East and North Africa (MENA) ex GCC Iran Egypt Rest of the Middle East and North Africa

5.2.3 Southeast Asia and Asia-Pacific Malaysia Indonesia Brunei Pakistan Rest of Southeast Asia and Asia-Pacific

5.2.4 Europe United Kingdom Ireland Italy Luxemburg

5.2.5 Americas United States

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Key Benefits of Islamic Finance Market Research Report:

  • Types, Applications, Regions and Key Players Covered in the Study
  • Sector Drivers, Constraints and Opportunities Covered in the Study
  • Recent industry trends and developments
  • Competitive landscape and strategies of key players
  • Historical, current and projected market size, in terms of value
  • In-depth analysis of the AI ​​Artificial Intelligence Chips market
  • Sales, price, revenue, market share and growth rate are covered in the report. Sales channels, distributors, merchants, resellers, etc. are covered in the report.

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