Qatar’s Islamic finance assets reach 683 billion riyals in 2024
Qatar’s Islamic finance sector grew 4.1% year-on-year in 2024 to reach 683 billion Qatari riyals ($187.5 billion), according to new data from Bait Al Mashura Finance Consultations.
Islamic banks accounted for 87.4% of total Islamic finance assets, followed by sukuk at 11.2%, takaful at 0.7%, with the remainder distributed across investment funds and other Islamic financial institutions, the report showed.
“In the past year, the Islamic finance sector experienced significant transformations and qualitative advancements in performance, expansion, and supporting technologies,” said Khalid Al-Sulaiti, vice chairman of Bait Al Mashura’s board of directors.
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Muhammad Ali Bandial