Islamic Finance Market
Islamic Finance Market - Global Industry Assessment & Forecast
#
Pages:
205
Base Year:
2023
Sep - 2024
Format:
Report Code:
VMR-2634
Segments Covered
By
Type of Institution Islamic Banks, Islamic Non-Banking Financial Institutions (NBFIs), Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
-
By
Financial Product Sukuk (Islamic Bonds), Murabaha (Cost-plus Financing), Musharaka (Profit-Sharing Partnerships), Ijara (Leasing)
-
By
Target Market Individuals, Corporations, Governments, Sovereign Wealth Funds
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 3.5 Trillion |
 Revenue 2032:
|
USD 8.07 Trillion |
 Revenue CAGR
(2024 - 2032): |
9.7% |
Fastest Growing Region (2024 -
2032)
|
Asia Pacific |
Largest Region (2023):
|
Middle East and Africa |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Islamic Finance Market Segment Analysis
- Islamic Finance Type of Institution Outlook (Revenue, USD Million, 2018 - 2030)
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Islamic Finance Financial Product Outlook (Revenue, USD Million, 2018 - 2030)
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Islamic Finance Target Market Outlook (Revenue, USD Million, 2018 - 2030)
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
-
North America Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
-
North America Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- U.S.
- U.S. Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- U.S. Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- U.S. Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- U.S. Islamic Finance Market, by Type of Institution
- Canada
- Canada Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Canada Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Canada Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Canada Islamic Finance Market, by Type of Institution
-
Mexico
- Mexico Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Mexico Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Mexico Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Mexico Islamic Finance Market, by Type of Institution
-
North America Islamic Finance Market, by Type of Institution
- Europe
-
Europe Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
-
Europe Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
-
Europe Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- U. K.
- U.K. Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- U.K. Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- U.K. Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- U.K. Islamic Finance Market, by Type of Institution
- France
- France Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- France Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- France Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- France Islamic Finance Market, by Type of Institution
-
Germany
- Germany Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Germany Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Germany Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Germany Islamic Finance Market, by Type of Institution
-
Italy
- Italy Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Italy Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Italy Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Italy Islamic Finance Market, by Type of Institution
-
Spain
- Spain Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Spain Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Spain Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Spain Islamic Finance Market, by Type of Institution
-
Rest of Europe
- Rest of Europe Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Rest of Europe Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Rest of Europe Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Rest of Europe Islamic Finance Market, by Type of Institution
-
Europe Islamic Finance Market, by Type of Institution
- Asia Pacific
-
Asia Pacific Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
-
Asia Pacific Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
-
Asia Pacific Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- China
- China Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- China Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- China Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- China Islamic Finance Market, by Type of Institution
- Japan
- Japan Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Japan Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Japan Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Japan Islamic Finance Market, by Type of Institution
-
Germany
- Germany Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Germany Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Germany Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Germany Islamic Finance Market, by Type of Institution
-
India
- India Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- India Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- India Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- India Islamic Finance Market, by Type of Institution
-
South Korea
- South Korea Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- South Korea Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- South Korea Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- South Korea Islamic Finance Market, by Type of Institution
-
South East Asia
- South East Asia Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- South East Asia Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- South East Asia Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- South East Asia Islamic Finance Market, by Type of Institution
-
Rest of Asia Pacific
- Rest of Asia Pacific Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Rest of Asia Pacific Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Rest of Asia Pacific Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Rest of Asia Pacific Islamic Finance Market, by Type of Institution
-
Asia Pacific Islamic Finance Market, by Type of Institution
- Latin America
-
Latin America Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
-
Latin America Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
-
Latin America Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Brazil
- Brazil Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Brazil Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Brazil Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Brazil Islamic Finance Market, by Type of Institution
- Argentina
- Argentina Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Argentina Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Argentina Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Argentina Islamic Finance Market, by Type of Institution
-
Rest of Latin America
- Rest of Latin America Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Rest of Latin America Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Rest of Latin America Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Rest of Latin America Islamic Finance Market, by Type of Institution
-
Latin America Islamic Finance Market, by Type of Institution
- Middle East & Africa
-
Middle East & Africa Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
-
Middle East & Africa Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
-
Middle East & Africa Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- GCC Countries
- GCC Countries Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- GCC Countries Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- GCC Countries Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- GCC Countries Islamic Finance Market, by Type of Institution
- South Africa
- South Africa Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- South Africa Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- South Africa Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- South Africa Islamic Finance Market, by Type of Institution
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Islamic Finance Market, by Type of Institution
- Islamic Banks
- Islamic Non-Banking Financial Institutions (NBFIs)
- Shariah-compliant units within Conventional Banks Takaful (Islamic Insurance) Companies
- Rest of Middle East & Africa Islamic Finance Market, by Financial Product
- Sukuk (Islamic Bonds)
- Murabaha (Cost-plus Financing)
- Musharaka (Profit-Sharing Partnerships)
- Ijara (Leasing)
- Rest of Middle East & Africa Islamic Finance Market, by Target Market
- Individuals
- Corporations
- Governments
- Sovereign Wealth Funds
- Rest of Middle East & Africa Islamic Finance Market, by Type of Institution
-
Middle East & Africa Islamic Finance Market, by Type of Institution
- North America
Vantage Market
Research | 23-Sep-2024
FAQ
Frequently Asked Question
What is the global demand for Islamic Finance in terms of revenue?
-
The global Islamic Finance valued at USD 3.5 Trillion in 2023 and is expected to reach USD 8.07 Trillion in 2032 growing at a CAGR of 9.7%.
Which are the prominent players in the market?
-
The prominent players in the market are Al Baraka Banking Group, Bank Islam Malaysia, Abu Dhabi Islamic Bank, Maybank Islamic, Al Hilal Bank, Al Rajhi Bank, Ajman Bank, Kuwait Finance House, Boubyan Bank, Sharjah Islamic Bank, Bahrain Islamic Bank, Noor Bank, Qatar Islamic Bank, Dubai Islamic Bank, CIMB Islamic.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 9.7% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Islamic Finance include
Which region accounted for the largest share in the market?
-
Middle East and Africa was the leading regional segment of the Islamic Finance in 2023.
