Islamic Finance Market Is Set To Fly High Growth In Years To Come | Al Rajhi Bank, Saudi British Bank, Boubyan Bank

The latest research study released by HTF MI on Islamic Finance Market with 123+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, sales, drivers, opportunities, market viewpoint and status. The market Study is segmented by key a region that is accelerating the marketization. Islamic Finance study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

Key Players in This Report Include:
Al Rajhi Bank (Saudi Arabia), Dubai Islamic Bank (UAE), Kuwait Finance House (Kuwait), Al Baraka Banking Group (Bahrain), Qatar Islamic Bank (Qatar), Bank Negara Malaysia (Malaysia), Abu Dhabi Islamic Bank (UAE), Bank Rakyat Indonesia Syariah (Indonesia), Bank Islam Malaysia Berhad (Malaysia), Faisal Islamic Bank of Egypt (Egypt), Boubyan Bank (Kuwait), Islamic Development Bank (Saudi Arabia), CIMB Islamic Bank Berhad (Malaysia), Maybank Islamic Berhad (Malaysia), Saudi British Bank (Saudi Arabia), Bank Aljazira (Saudi Arabia), Jordan Islamic Bank (Jordan), Bank Muamalat Malaysia Berhad (Malaysia), Barwa Bank (Qatar), Bank Mandiri Syariah (Indonesia), Others

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"According to HTF Market Intelligence, the Islamic Finance market size is estimated to reach by USD 9.27 Billion at a CAGR of 12.4% by 2030. The report includes historic market data from 2019 to 2023. The Current market value is pegged at USD 5.61 Billion."

Definition:
The Islamic finance market refers to financial activities and transactions that comply with Islamic law (Sharia). Sharia prohibits interest (riba), excessive uncertainty (gharar), and investments in businesses that are considered haram (forbidden), such as those involving alcohol, gamblin, and pork products. Key components include Islamic banking, takaful (Islamic insurance), sukuk (Islamic bonds), and Islamic investment funds.

Market Trends:
• Increasing popularity of sukuk as a Sharia-compliant alternative to conventional bonds for both corporate and sovereign entities.
• Adoption of fintech innovations, including blockchain and digital banking, to enhance the delivery of Islamic financial services.
• Rising interest in socially responsible and environmentally sustainable investments that align with Islamic principles.

Market Drivers:
• Policies and initiatives by governments in Muslim-majority countries to promote and develop the Islamic finance sector.
• Robust economic development in key Islamic finance markets such as the Middle East, Southeast Asia, and Africa.
• Efforts to provide financial services to underbanked and unbanked populations through Islamic microfinance and other inclusive financial products.

Market Opportunities:
• Increasing demand for Sharia-compliant financial products and services driven by the expanding global Muslim population.
• Financing large-scale infrastructure projects in Muslim-majority countries through Islamic financial instruments.
• Growth in digital financial services tailored to Islamic finance principles, offering convenience and accessibility.

Market Challenges:
• Lack of uniformity in regulations and standards across different Islamic finance jurisdictions.
• Limited availability of professionals with expertise in both finance and Sharia law.
• Low awareness and understanding of Islamic finance principles and products among potential customers.

Market Restraints:
• Strict adherence to Sharia principles can make product development and compliance more complex and costly.
• Smaller variety of financial products compared to conventional finance, potentially limiting customer options.
• Misconceptions about Islamic finance among non-Muslims and concerns about its profitability and efficiency.

Major Highlights of the Islamic Finance Market report released by HTF MI

Global Islamic Finance Market Breakdown by Application (Banking, Insurance, Bonds, Financial Institution (OIFI's), Funds) by Type (Murabaha, Ijarah, Istisnaa, Mudarabah, Musharaka, Tawarooq, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Global Islamic Finance market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
• To carefully analyse and forecast the size of the Islamic Finance market by value and volume.
• To estimate the market shares of major segments of the Islamic Finance
• To showcase the development of the Islamic Finance market in different parts of the world.
• To analyse and study micro-markets in terms of their contributions to the Islamic Finance market, their prospects, and individual growth trends.
• To offer precise and useful details about factors affecting the growth of the Islamic Finance
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Islamic Finance market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Points Covered in Table of Content of Global Islamic Finance Market:
Islamic Finance Market Study Coverage:
• It includes major manufacturers, emerging player's growth story, and major business segments of Islamic Finance market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Islamic Finance Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Islamic Finance Market Production by Region Islamic Finance Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Islamic Finance Market Report:
• Islamic Finance Overview, Definition and Classification Market drivers and barriers
• Islamic Finance Market Competition by Manufacturers
• Islamic Finance Capacity, Production, Revenue (Value) by Region (2024-2030)
• Islamic Finance Supply (Production), Consumption, Export, Import by Region (2024-2030)
• Islamic Finance Production, Revenue (Value), Price Trend by Type {Review Management, Identity Monitoring, Search Engine Suppression, Internet Removal}
• Islamic Finance Market Analysis by Application {SMEs, Large Enterprises}
• Islamic Finance Manufacturers Profiles/Analysis Islamic Finance Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
• How feasible is Islamic Finance market for long-term investment?
• What are influencing factors driving the demand for Islamic Finance near future?
• What is the impact analysis of various factors in the Global Islamic Finance market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, MINT, BRICS, G7, Western / Eastern Europe, or Southeast Asia. Also, we can serve you with customized research services as HTF MI holds a database repository that includes public organizations and Millions of Privately held companies with expertise across various Industry domains.

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This release was published on openPR.