Islamic finance: High growth potential but serious challenges persist
February 2017
19
About the Report
About the Report
Products
Table of Contents
Table of Contents
Overview
Catalyst
Summary
Islamic finance-The Basics
History of Islamic finance
Some major forms of Islamic finance
Sukuk
Ijarah
Mudaraba
Islamic finance today-the numbers
Nine countries dominate the Islamic finance industry
Non-Islamic banks and countries increasingly opening up to Islamic finance
Strong Potential for Growth in the Islamic finance Industry
MENA (excluding GCC), West Africa and Central Asia largely untapped
Sharia compliant microfinance schemes have large potential, as a third of Muslims live in poverty
Problems the Islamic finance industry is facing
Lack of access to financial institutions in Muslim majority nations
Political instability discouraging interest
Differences amongst the clergy with regards to what amounts to sharia compliant finance
Conclusions
Strong growth potential in this industry if scholarly consensus, political stability and greater geographic reach can be
achieved
Appendix
Sources
Further Reading
Ask the analyst
About MarketLine
Disclaimer
List of Figure
Figure 1: Al Rajhi Bank, currently the world's largest Islamic bank based on assets
Figure 2: David Cameron speaking at the 'World Islamic Economic Forum' held in London, 2013
Figure 3: Countries by population living in urban areas, 2015
List of Table
Table 1: Top nine Islamic finance markets total population's, 2016
Table 2: Islamic finance national market share in terms of total banking assets, 2015
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