Finance Development Report News Today

Luxembourg remains the European leader in the domiciliation of Islamic funds. But the sector has changed little since 2016 and is now facing competition from other financial hubs. The market is less buoyant than expected, due to the lack of local roots.

By Fri Dec 11 2020 Global Islamic Finance assets are forecast to reach USD 3.69 trillion by 2024, according to the 2020 Islamic Finance Development Report released on Wednesday by Refinitiv and the Islamic Corporation for the Development of the Private Sector, ICD, the private sector development arm of the Islamic Development Bank, IsDB. According to the report, global Islamic Finance assets increased by 14 percent year-on-year totaling USD 2.88 trillion in 2019. Islamic Finance assets of Gulf ...

KUALA LUMPUR: Global Islamic finance assets are forecast to reach US$3.69 trillion (US$1=RM4.05) by 2024, according to the 2020 Islamic Finance Development Report released by Refinitiv and the Islamic Corporation for the Development of the Private Sector (ICD) today.

The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets.

10 December 2020 15:09 Share in: JEDDAH. KAZINFORM Global Islamic Finance assets are forecast to reach USD 3.69 trillion by 2024, according to the 2020 Islamic Finance Development Report released today by Refinitiv and the Islamic Corporation for the Development of the Private Sector, ICD, the private sector development arm of the Islamic Development Bank, IsDB. Related news According to the report, global Islamic Finance assets increased by 1...

Global Islamic finance assets expected to reach $3.69 trillion in 2024: Report