The Size of the Market

The Size of the Market
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today 21st May 2015

The Size of the Islamic Finance Market

Updated: 14 June 2016

Traditionally the size of the Islamic finance industry has been measured as hard assets held by institutions considered being part of the Islamic finance industry. Estimates of the current size of industry range from $1.88 Trillion to $2.1 Trillion with expectations of market size to be $3.4 Trillion by end of 2018.

Such figures under-estimate the size of the Islamic finance industry by failing to recognise Islamic Equities as an asset class, as well as distinguish between an asset being compliant by design or filter.

Sizes of Sub-Sectors by Asset

The Islamic Financial Services Board in its annual Stability Report stated the size of the Islamic Financial Market industry reached an overall total value of USD1.88 trillion as of 2015 YTD as broken down below:

Data by IFSB Report 2016

Data by IFSB Report 2016

Size of Sukuk Market by Issuance

With regards to Sukuk size, whilst the IFSB look at Sukuk Outstanding, the Bahrain based International Islamic Financial Market (IIFM) in its 2016 Sukuk Report looks at issuance and stated 2015 witnessed a major drop in issuances when only USD60.6 billion Sukuk were issued, a massive 43% fall compared to 2014.

Total Global Sukuk Issuances 2001 to 2015 - IIFM

Total Global Sukuk Issuances 2001 to 2015 – IIFM

Join the conversation at #IslamicFinance and #Sukuk