Global Islamic finance industry assets to reach $3.69 trln by 2024 from $2.88 trln in 2019 - study
What were the biggest developments in the global Islamic finance industry in 2019-2020? The State of the Global Islamic Economy 2020/21 report from DinarStandard gives a detailed breakdown of the movements in the industry, with the headline being the impact of the COVID-19 pandemic on the growth of the industry.
MARKET SIZE
- Global Islamic finance industry assets increased by 13.9% in 2019 to reach $2.88 trillion from $2.52 trillion in 2018.
- 3 biggest countries in 2019: Iran ($698.2 billion), Saudi Arabia ($629.4 billion), Malaysia ($570.5 billion)
- No asset growth is expected for 2020.
- The industry is expected to reach $3.69 trillion by 2024.
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