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Global Islamic Finance Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Citibank, HSBC Bank, Dubai Islamic Bank, Nasser Social Bank, Kuwait Finance House (KFH), Jordan Islamic Bank, Bahrain Islamic Bank, Islamic Bank of Iran, Bank of Ningxia
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 industrys 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 sectors 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 finances 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 PwCs 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 Banks Meem in Bahrain and Saudi Arabia, and Albaraka Trks insha in Germany and other European countries with large Muslim communities.
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
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.
The key insights of the Islamic Finance Market report:
─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 industry.
─The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
─The Islamic Finance market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.
─The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
─The report estimates 2020-2024 market development trends of Islamic Finance Market.
─Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
─The report makes some important proposals for a new project of Islamic Finance Industry before evaluating its feasibility.
Key Developments in the Market
March 2018: An Indian downstream oil & gas company Bharat Petroleum Corporation Limited (BPCL) awarded Petrofac an Engineering, Procurement, and Construction (EPC) for its Kochi Refinery in India. According to the contract, Petrofac will provide EPC and pre-commissioning services as well as will assist with commissioning for 27 months. The contract is worth USD 135 million
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Finally, this Islamic Finance report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Islamic Finance product development and gives an outline of the potential Global market.
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