[vc_row][vc_column][vc_column_text]The global Islamic finance market is growing moderately, because of the strong investments in the Halal Sectors, infrastructure, and Sukuk bonds, especially through electronic modes in all products and services. The factors driving the growth of the market are directing investment toward the tremendous growth opportunities in the promising Islamic sectors.
The industry’s total worth, according to key industry stakeholder organizations, across its three main sectors (banking, capital markets, and TAKFUL), was estimated to be USD 2.05 trillion in 2017, marking an 8.3% growth in assets in USD terms, and reversing the preceding two years of assets’ growth stagnation (2017: USD 1.89 trillion vs. 2016: USD 1.88 trillion).
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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_btn title=”Read More” style=”3d” color=”info” align=”center” link=”url:https%3A%2F%2Fwww.globenewswire.com%2Fnews-release%2F2019%2F03%2F20%2F1758003%2F0%2Fen%2FGlobal-Islamic-Finance-Markets-Report-2019-Islamic-Banking-is-the-Largest-Sector-Contributing-to-71-or-USD-1-72-Trillion.html||target:%20_blank|”][/vc_column][/vc_row]