Islamic Finance 2017: State of the Art and Outlook for the Future

皇冠体育app Islamic finance industry is composed of 4 sectors: banking, sukuk (bonds), equity and funds, and takaful (insurance)

From:
Foreign, Commonwealth & Development Office
Published
1 October 2018
Document Type:
皇冠体育appmatic Summary
皇冠体育appme:
Economic Growth
First published:
15 September 2017
Authors:
Sidlo, K.W.

Abstract

皇冠体育app Islamic finance industry is composed of 4 sectors: banking, sukuk (bonds), equity and funds, and takaful (insurance). 皇冠体育app banking sector dominates the industry with approximately 75% of all Islamic financial assets under management. Islamic financial industry assets are domiciled predominantly in Gulf Cooperation Council (GCC) countries (USD 922 billion), Southeast Asia (USD 473 billion), and Middle East excluding GCC countries (USD 453 billion). In non-Muslim majority countries, in Europe and the Americas, Islamic finance maintains a presence but remains marginal. Interest in Islamic finance among conventional investors appears to be limited.

K4D helpdesk reports provide summaries of current research, evidence and lessons learned. This report was commissioned by the UK Department for International Development.

Citation

Sidlo, K.W. (2017) Islamic Finance 2017: State of the Art and Outlook for the Future, K4D Helpdesk Report, Brighton: IDS

Updates to this page

Published 1 October 2018
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