Stay updated with breaking news from Finance Development Report. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 Cooperation Council, GCC, reached USD 1.2 trillion in 2019, followed by Middle East and North Africa...
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 14 percent year-on-year totaling USD 2.88 trillion in 2019. Islamic Finance assets of Gulf Cooperatio...