ICD-Refinitiv Islamic Finance Development Report 2020: Progressing Through Adversity

According to the Islamic Finance Development Report 2020, the Islamic finance industry saw double-digit growth of 14% in 2019 to a total US$2.88 trillion in assets. This happened despite the uncertainty felt across the largest Islamic finance markets over the past few years due to sustained low oil prices and subdued industry growth in 2018

Staff Writer, Zawya Islamic Finance

ISLAMIC FINANCE REPORTS

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Islamic capital markets, funds and banking were main drivers of assets growth: The 14% growth in global Islamic finance industry assets was due in part to elevated levels of sukuk issuance in the traditional markets in the GCC and Southeast Asia. Green and SRI (socially responsible investment) sukuk grew in prominence in the UAE and Southeast Asia and have continued to grow in popularity in 2020 with the entrance of new issuers such as Saudi Electricity Co.

Access the full report to find out:

Results for the Islamic Finance Indicator;
Top performing markets;
IFDI regional performance;
Analysis for each of the major segments comprising the Indicator; and
Islamic finance outlook.