Islamic Finance Development Indicator Report 2017

The Islamic finance industry has reverted to growth after a brief downturn caused by low oil prices and stumbling economies in some of its key markets, with total industry assets growing 7% in 2016 to US$ 2.2 trillion. Governance in particular made strong gains as governments saw the industry as one way to rekindle their economies. Islamic finance may be young, and still tiny in comparison with the global financial industry, but the industry’s rapid development suggests it will continue to grow.

The ICD Thomson Reuters Islamic Finance DevelopmentIndicator (IFDI) presents the key numbers behind that growth, covering the entire Islamic finance ecosystem in terms of Quantitative Development, Knowledge, Governance, Corporate Social Responsibility, and Awareness. Measurements have been taken for 131 countries, up from 124 in last year’s report.

This fifth annual IFDI report looks in detail at the drivers of the industry’s renewed expansion, its top performers, and the trends that will propel future growth.

Download the report here 

  • Date: March 13, 2019
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