Market Size and Growth

IFSB “Another Year of Slowdown in Global Islamic Finance”

IFSB “Another Year of Slowdown in Global Islamic Finance”

Despite slowdown, in USD terms size of market little changed The Islamic Financial Services Board (IFSB) in its annual Islamic financial services industry stability report highlighted continued slowdown of the global Islamic Financial Services Industry (IFSI). Despite this, the global IFSI has been able to sustain its total assets value at approximately USD1.9 trillion in 2016. 2016 – Anothe... »

Africa’s Growing Islamic Finance Footprint

Africa’s Growing Islamic Finance Footprint

Africa’s Growing Islamic Finance Footprint The use of Sukuk to fund Africa’s infrastructure needs as well as expanding Islamic Banking windows signal continued growth of African Islamic finance CIBAFI Discusses Islamic Financed African Infrastructure Funding Abdulilah Belatiq of the Bahrain based General Council for Islamic Banks and Financial Institutions (CIBAFI) discussed CIBAFI’s initiatives i... »

IMF: Islamic Banks Need to Improve on Financial Safety Net, Liquidity

IMF: Islamic Banks Need to Improve on Financial Safety Net, Liquidity

Report by IMF highlights key challenges facing the Islamic Financial Industry. Islamic Banking (IB) has grown rapidly in value and geographical reach, and has become an important and integral part of the financial systems in many countries. Though IB accounts for less than 2 percent of global finance, IBs currently operate in more than 60 countries and the industry has become systemically importan... »

SME Demand and Demographics Will Drive Industry Growth in Africa

SME Demand and Demographics Will Drive Industry Growth in Africa

Increasing the Potential of Islamic Finance in Africa CNBC Africa discussed the growth potential of Islamic Finance in Africa. Samira Mensah, Associate Director for Financial Institutions Ratings at Standard and Poor’s and Ameen Hassen, Head of Shari’ah Banking at Standard Bank participated in a discussion which highlighted the growth space for Islamic finance in Africa. Demand within ... »

Dubai’s Islamic Economy Vision came together at a Remarkable GIES 2016

Dubai’s Islamic Economy Vision came together at a Remarkable GIES 2016

Nascent Industry Finds a Home in Dubai Alan Greenspan once described people to people contact as a key pillar to building commerce and creating economic activity. Taking the former Chairman of the Federal Reverse at his words, the gathering of individuals at the Global Islamic Economy Summit 2016 this week in Dubai would have done much to create the relationships and entrepreneurial spirit to take... »

Growth in Takaful Sector Slows

Growth in Takaful Sector Slows

Earnings of Islamic Insurers to Remain Weak Two recent reports from rating agencies highlighted the challenges facing the Takaful industry. S&P said in a report looking at the GCC region, earnings of Islamic insurers will remain relatively weak and unevenly distributed as their small size, short track records, and retail focus work against them. Most takaful players in the region are still rel... »

Islamic Banking Growth Outstripping Conventional Banking

Islamic Banking Growth Outstripping Conventional Banking

Retail Demand and Government Support is Helping Boost Growth Strong retail demand and proactive government support is assisting Islamic banks to grow at a faster pace when compared with their conventional peers. Khalid Howladar, Global Head of Islamic Finance at rating agency stated “Growth in the Islamic banking sector continues to broadly outpace that of conventional banks in most systems ... »

Global Exchanges Develop Cross Border Islamic Capital Markets

Global Exchanges Develop Cross Border Islamic Capital Markets

World Sharia Stock Market Centre Announcements from the stock exchanges of Indonesia and Malaysia, as well as the Channel Islands this week are welcome signals for the cross border development of the Islamic Capital markets. The World Sharia Stock Market Centre, to be developed by the Indonesian Stock Exchange (IDX) and Bursa Malaysia aims to establish a global benchmark for Islamic capital market... »

The Size of the Islamic Finance Market

The Size of the Islamic Finance Market

The Size of the Islamic Finance Market Estimates of the current size of the Islamic Finance market range from $1.66 Trillion to $2.1 Trillion with expectations of market size to be $3.4 Trillion by end of 2018. Based on $1.66 Trillion, Islamic Finance assets represented 1% of the global financial market of $127 Trillion in assets. To put this into context, $1.66 Trillion is about the size of the b... »

Global Growth Trends in Sukuk

Global Growth Trends in Sukuk

Sukuk issuances rose to USD114.7bln in 11M14 (Jan-Nov 2014), a sizeable 8.6% increase from the USD105.6bln volume recorded during 11M13. Sovereign issuances accounted for almost 80% of total issuances. The record for issuances was in 2012 when $137.1 billion was raised, while issuance dropped to $116.9 billion in 2013 and fell further in 2014. »

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