Market Snapshot:
Islamic banking is a banking firm that is based on Islamic principles. Essentially, in Islamic banking, it is not permitted to pay and receive interest but slightly it is based on profit sharing concept. Islamic banks are highly focusing on producing ROI through investment tools. The mission behind this is to take Islamic banking and finance to new elevations through a solid focus on invention and the wish to bring excellence in everything including the growth and offer of a broad and integrated range of products and services that are in perfect harmony with principles.
Highlights from Islamic Financing Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are 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).
Geographic Breakdown and Segment Analysis
The Global Islamic Financing market presents a comprehensive analysis of the Islamic Financing market by 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), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Islamic Financing industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Islamic Financing market
Analyst at AMA have segmented the market study of Global Islamic Financing market by Type, Application and Region.
Influencing Trend:
Growing Acceptance of Mobile Banking
Market Growth Drivers:
High Adoption in Islamic Dominating Countries Specially in GCC and Growing Number of Digital Consumers
Challenges:
Lack of Consumer Awareness
Restraints:
Regulatory Complexity in Many Countries and Lack of Standardization May Hamper the Growth
Opportunities:
High Growth Possible for the Countries Including India, With the Presence of Muslim Population and Strong Growth in the Insurance Market
Market Developments Activities:
In January , 2020 Having secured necessary approvals from the relevant regulatory authorities, Dubai Islamic Bank (DIB) has today announced the completion of the acquisition of and Noor Bank in a transaction structured through a share swap. As part of this agreement, DIB has issued 651,159,198 new shares to take its issued share capital to 7,240,744,377 shares
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.
The market is consolidated by various players who are highly focusing on various technologies, enhancement of efficiency, and service life. The growing number of opportunities are can be captured by following the continuing process development and financial elasticity to capitalize on business strategies.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Islamic Finance Services Providers, Government Regulatory and Research Organizations and End-Use Industries