Islamic Finance Market Research Report - Size, Share, Growth, Trends, and COVID19 Impact Analysis | Forecast (2024 - 2030)
Published: 2024 - January
Report Code: IM-9589
Format:
Region: Global
Chapter 1. Islamic Finance Market – Scope & Methodology
1.1. Market Segmentation
1.2. Assumptions
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Islamic Finance Market – Executive Summary
2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2023 - 2030
2.3.2. Impact on Supply – Demand
Chapter 3. Islamic Finance Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Islamic Finance Market - Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatorycenario - By Region
4.3 Customer Analysis
4.4. Porter's Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Islamic Finance Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Islamic Finance Market By Type of Institutions
6.1 Islamic Banks
6.2. Islamic Insurance (Takaful) Companies
6.3. Islamic Asset Management Firms
6.4. Islamic Investment Banks
Chapter 7. Islamic Finance Market By Product Types
7.1. Islamic Banking Products
7.1.1. Profit-Sharing Accounts
7.1.2. Islamic Mortgages
7.1.3. Trade Finance
7.1.4. Working Capital Financing
7,1,5, Project Financing
7.2. Islamic Capital Market Products
7.2.1. Sukuk (Islamic Bonds)
7.2.2. Islamic Equity Funds
7.2.3. Islamic Real Estate Investment Trusts (REITs)
7.2.4. Islamic Exchange-Traded Funds (ETFs)
7.3. Islamic Insurance (Takaful)
7.3.1. Family Takaful
7.3.2. General Takaful
7.3.3. Medical Takaful
7.4. Islamic Microfinance
7.4.1. Microfinance Institutions adhering to Islamic principles
Chapter 8. Islamic Finance Market – By Customer Segments
8.1. Individual Consumers
8.2. Small and Medium Enterprises (SMEs)
8.3. Large Corporations
8.4. Government Entities
8.5. Institutional Investors
Chapter 9. Islamic Finance Market – By Shariah Compliance Levels
9.1. Fully Shariah-Compliant Products
9.2. Hybrid Products (combining Islamic and conventional elements)
Chapter 10. Islamic Finance Market – By Adoption Stage
10.1. Developed Islamic Finance Markets
10.2. Emerging Islamic Finance Markets
10.3. Non-Muslim Majority Countries with Islamic Finance Presence
Chapter 11. Islamic Finance Market – By Region
11.1. Middle East and North Africa (MENA)
11.2. Southeast Asia
11.3. Europe
11.4. Africa
11.5. Americas
Chapter 12. Islamic Finance Market – By Companies
12.1. Islamic Development Bank (IDB)
12.2. Dubai Islamic Bank (DIB)
12.3. Kuwait Finance House (KFH)
12.4. Bank Islam Malaysia Berhad (BIMB)
12.5. Maybank Islamic Berhad
12.6. Abu Dhabi Islamic Bank (ADIB)
12.7. Takaful Malaysia
12.8. Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
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Frequently Asked Questions
Islamic finance refers to a financial system that operates in accordance with Islamic principles, which are derived from Shariah (Islamic law). It prohibits the payment or receipt of interest (riba) and promotes ethical and responsible financial transactions that adhere to Islamic ethical guidelines.
The global Islamic finance market size was valued at USD 2.8 trillion in 2022 and is projected to reach USD 4.5 trillion by 2030, registering a CAGR of 11.4% during the forecast period.
Key drivers of the Islamic finance market include the growing global Muslim population, increasing demand for Shariah-compliant financial products, supportive regulatory frameworks, expanding product offerings, cross-border collaborations, and the integration of Islamic finance with sustainable and responsible investment principles.
Some of the restraints or challenges faced by the Islamic finance market include limited standardization and harmonization of Shariah interpretations, regulatory inconsistencies across jurisdictions, a shortage of skilled professionals in Islamic finance, lack of awareness and understanding among potential customers, and the need for further innovation and product development.
The Islamic finance market includes various key players, such as Islamic banks (e.g., Dubai Islamic Bank, Kuwait Finance House), Islamic insurance (Takaful) companies, Islamic asset management firms, regulatory bodies (e.g., AAOIFI, IFSB), and development institutions (e.g., Islamic Development Bank). These players, along with conventional financial institutions offering Islamic finance products, contribute to the development and growth of the market.
