The article cited AMA's Global Islamic Financing Market Study explored substantial growth with CAGR of %. According the report, Growing Acceptance of Mobile Banking is one of the primary growth factors for the market. High Adoption in Islamic Dominating Countries Specially in GCC
is also expected to contribute significantly to the Islamic Financing market. Overall, applications of Islamic Financing, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Citibank (United States), HSBC Bank (United Kingdom), Dubai Islamic Bank (United Arab Emirates), Nasser Social Bank (Egypt), Kuwait Finance House (KFH) (Malaysia), Al Baraka Banking Group (Jordan Islamic Bank) (Bahrain), Bahrain Islamic Bank (Bahrain), Islamic Bank of Iran (United Kingdom), Bank of Ningxia (China), Bank Al-Rajhi (Saudi Arabia), Qatar Islamic Bank (Qatar), Alinma Bank (Saudi Arabia) and Bank Maskan Iran (Iran) may see astonishing sales in this Market and certainly improve revenue growth.
The End Users, such as Households, is boosting the Islamic Financing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Providers, such as Banks, is boosting the Islamic Financing market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Islamic Financing market identified that the demand is rising in many different parts of the world as "High Growth Possible for the Countries Including India, With the Presence of Muslim Population
". Furthermore, some recent industry insights like "In December 2023, Tayyib” (pure, wholesome, and impactful) has launched today at GEFI’s Unlocking Islamic Finance Summit, hosted by the Dubai International Finance Centre." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Consumer Awareness"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Islamic Financing market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Islamic Financing market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Islamic Financing market tight? Which application/end-user category or Product Type [Profit-and-Loss Sharing Partnership (Mudarabah), Profit-and-Loss Sharing Joint Venture (Musharakah), Leasing (Ijarah), Investment (Equities, Fixed-Income Instruments, REITs, Mutual Funds), Borrowing/Loans, Insurance (Takaful) and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Islamic Financing market and other related sub-markets covered in the study.
o Key & emerging players in the Islamic Financing market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Islamic Financing market size is calculated using market estimation process, the Islamic Financing market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Islamic Financing market size has been validated using both top-down and bottom-up approaches.