ISLAMIC FINANCE FLOURISHES IN THE GULF AND SE ASIA
February 1st, 2021
Islamic finance is flourishing across parts of the Middle East and south-east Asia. Assets are increasing, there is a greater diversification in product offerings, and Islamic fintech is starting to take off.
Islamic finance assets were estimated at USD2.88 trillion globally in 2020, and are forecast to grow at a CAGR of 5% to 2024, to reach USD3.69 trillion, according to New York-based research firm DinarStandard’s State of the Global Islamic Economy (SGIE) 2020-21 report. (1)
Despite the size of the sector, it does not reflect the potential market size of ...
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