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Islamic Finance Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024


The “Islamic Finance Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Islamic Finance Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Islamic Finance market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Islamic Finance Market Are:

  • Dubai Islamic Bank
  • National Commercial Bank Saudi Arabia
  • Bank Mellat Iran
  • Bank Melli Iran
  • Kuwait Finance House
  • Bank Saderat Iran
  • Malayan Bank Berhad (Maybank) Malaysia
  • Bank Maskan Iran
  • Qatar Islamic Bank
  • Alinma Bank Saudi Arabia

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    Market Overview:

  • The global Islamic finance market is growing moderately, because of the strong investments in the Halal Sectors, infrastructure, and Sukuk bonds, especially through electronic modes in all products and services. The factors driving the growth of the market are directing investment toward the tremendous growth opportunities in the promising Islamic sectors. The industry’s total worth, according to key industry stakeholder organizations, across its three main sectors (banking, capital markets, and TAK?FUL), was estimated to be USD 2.05 trillion in 2017, marking an 8.3% growth in assets in USD terms, and reversing the preceding two years of assets’ growth stagnation (2017: USD 1.89 trillion vs. 2016: USD 1.88 trillion).
  • Global SUKUK outstanding surged by a record 25.6% to close at USD 399.9 billion as at end 2017 [2016: USD 318.5 billion], as per industry sources, on the back of strong sovereign and multilateral issuances in key Islamic Finance markets to support respective budgetary expenditures. This included debut entries into the sovereign SUKUK market by Saudi Arabia and Nigeria, as well as the pan-African multilateral development finance institution, Africa Finance Corporation.

    Scope of the Report:

  • The global Islamic banking market covers different aspects, like Islamic Banking, Takaful: Islamic Insurance, Sukuk: Islamic Bonds, and Shariah Capital Market: Islamic funds.

    Islamic Finance Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Islamic Finance market?
    • What are the key market trends impacting the growth of the global Islamic Finance market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Islamic Finance market?
    • What are the market opportunities and threats faced by the vendors in the global Islamic Finance market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Islamic Finance market?

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    Key Market Trends:

    Islamic Banking is the Largest Segment

    Islamic banking is the largest sector in the Islamic finance industry, contributing to 71%, or USD 1.72 trillion, of the industry’s 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 sector’s growth. 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. Islamic finance’s second-largest market, Saudi Arabia, has 16 Islamic banks, including windows, which is less than the smaller markets of Malaysia and the United Arab Emirates.

    With the rapidly growing popularity of mobile banking, particularly among younger people, according to PwC’s 2018 Digital Banking Consumer Survey, a growing number of digital-only, or ‘disruptor banks’ with no physical branches, have emerged. Islamic banks are also catching up on 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 commonly seen to have two advantages over conventional banking. The first is a perception that Islamic banks are bound to a higher moral standard. They will not take on irresponsible amounts of risk or pay outsize bonuses to their top bankers. The second is that earnings come from identifiable assets, not opaque combinations of derivatives and securities. Because Islamic banks cannot make money through 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 total banking assets of the GCC. While in the Middle East & North African (MENA) region, Islamic Banking assets represent 14% of total banking assets. In the GCC, the market share of Islamic banking crossed the 25% threshold, which suggests that Islamic banks have become systemically important in these countries.

    GCC Islamic banking assets reached USD 490 billion by 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 line with IFSB’s definition of systemic, at least 15% of banking system assets. Retail Islamic banking in Bahrain has reached systemic proportions with a 27% asset share in retail banking, and a 13% asset share in total retail and wholesale banking. Oman’s entry in Islamic Banking was in late 2012.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Islamic Finance Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Islamic Finance.

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    Report Objectives:

    • Analyzing the size of the Islamic Finance market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Islamic Finance market.
    • Determining the key dynamics of the Islamic Finance market.
    • Highlighting significant trends of the Islamic Finance market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Islamic Finance market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Islamic Finance market.

    Detailed TOC of Islamic Finance Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2.1 Analysis Methodology
    2.2 Research Phases


    4.1 Overview
    4.2 Drivers
    4.3 Restraints
    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 : Equities and Other Instruments
    5.2.1 GCC Saudi Arabia United Arab Emirates Qatar Kuwait Bahrain Oman
    5.2.2 Middle East & North Africa (MENA) ex GCC Iran Egypt Rest of Middle East & 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 Luxembourg
    5.2.5 Americas United States

    6.1 Company Profiles
    6.1.1 Dubai Islamic Bank
    6.1.2 National Commercial Bank Saudi Arabia
    6.1.3 Bank Mellat Iran
    6.1.4 Bank Melli Iran
    6.1.5 Kuwait Finance House
    6.1.6 Bank Saderat Iran
    6.1.7 Malayan Bank Berhad (Maybank) Malaysia
    6.1.8 Bank Maskan Iran
    6.1.9 Qatar Islamic Bank
    6.1.10 Alinma Bank Saudi Arabia
    6.2 Mergers and Acquisitions
    6.3 Investment Outlook




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