Press release
Strong Growth Ahead: Islamic Finance Market Size To Grow At Arecord 11.6% Cagr By 2029
"The Islamic Finance Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Islamic Finance Market Size Expected to Be by 2034?
The Islamic finance market size has grown rapidly in recent years. It will grow from $7.99 billion in 2024 to $8.94 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to demand for sharia-compliant products and practices, vast oil wealth stimulated fresh interest, the importance of risk-sharing in raising finance, strong investments in halal sectors, and expanding Islamic banking services.
The Islamic finance market size is projected to grow to $13.89 billion by 2029, at a CAGR of 11.6%. This growth is attributed to the expansion of the industry, increasing Muslim population, ethical investing, government support, and globalization. Major trends include electronic modes in financial products, innovation in financial products, Islamic ETFs, ESG-related asset popularity, and fintech integration.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19539
What Are the Emerging Segments Within the Islamic Finance Market?
The islamic financemarket covered in this report is segmented -
1) By Financial Sector: Islamic Banking, Islamic Insurance - Takaful, Islamic Bonds 'Sukuk', Other Islamic Financial Institutions (OIFI's), Islamic Funds
2) By Size Of Business: Small And Medium Business, Large Business
3) By Banking: Retail Banking, Commercial Banking, Investment Banking
Subsegments:
1) By Islamic Banking: Retail Banking, Corporate Banking, Investment Banking, Islamic Microfinance, Islamic Cooperative Banks
2) By Islamic Insurance - Takaful: Family Takaful (Life Insurance), General Takaful (Non-Life Insurance), Health Takaful, Takaful Investment Accounts, Corporate Takaful Solutions
3) By Islamic Bonds 'Sukuk': Sovereign Sukuk, Corporate Sukuk, Sukuk Ijarah, Sukuk Murabaha, Sukuk Musharakah
4) By Other Islamic Financial Institutions (OIFIs): Islamic Investment Banks, Islamic Asset Management Firms, Islamic Leasing Companies, Islamic Microfinance Institutions, Islamic Credit Unions
5) By Islamic Funds: Equity Funds, Real Estate Investment Funds, Commodity Funds, Islamic Index Funds, Shariah-Compliant Mutual Funds.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19539&type=smp
What Long-Term Drivers Are Shaping Islamic Finance Market Trends?
The growing Muslim population is projected to propel the Islamic finance market. The Muslim population is expanding due to higher fertility rates and a younger demographic. Islamic finance allows Muslims to manage finances in accordance with Sharia law, avoiding interest and promoting ethical, risk-sharing financial practices. According to the Alliance for a New Middle East Peace, Israel's Muslim population increased to 1.782 million in 2023, a 35,000 rise from 2022. This demographic growth is fueling the Islamic finance market.
Who Are the Top Competitors in Key Islamic Finance Market Segments?
Major companies operating in the islamic finance market are Maybank Islamic, Abu Dhabi Commercial Bank, Etiqa Islamic Berhad, Al Rajhi Bank, Mellat Bank, Riyad Bank, Abu Dhabi Islamic Bank Egypt, Kuwait Finance House, Saudi British Bank, Al Baraka Bank, Bank ABC Islamic, HSBC Amanah, First Security Islami Bank, Bank of Khartoum, Al-Arafah Islami Bank, Social Islami Bank, Al Salam Bank, Ajman Bank, Al Hilal Bank, Bank Islam Brunei Darussalam, Bank Nizwa, EXIM Bank, Iraqi Islamic Bank of Inv & Dev, Affin Islamic Bank, OCBC Al-Amin Bank, Bank Keshavarzi, Barwa Bank, Khaleeji Commercial Bank
What Islamic Finance Market Trends Are Gaining Traction Across Different Segments?
Companies in the Islamic finance market are innovating with digital banking platforms to offer a competitive advantage and cater to the growing demand for digital banking solutions that comply with Islamic principles. For example, in March 2023, Salaam Bank Limited, a Ugandan financial institution, launched its first interest-free commercial banking system, providing a digital platform that aligns with Islamic banking principles and aims to strengthen Uganda's financial sector while attracting Muslim investors.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/islamic-finance-global-market-report
Which Regions Are Becoming Hubs for Islamic Finance Market Innovation?
Middle East And Africa was the largest region in the islamic finance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the islamic finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Islamic Finance Market?
2. What is the CAGR expected in the Islamic Finance Market?
3. What Are the Key Innovations Transforming the Islamic Finance Industry?
4. Which Region Is Leading the Islamic Finance Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments."
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strong Growth Ahead: Islamic Finance Market Size To Grow At Arecord 11.6% Cagr By 2029 here
News-ID: 4048739 • Views: …
More Releases from The Business research company

Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Diamond Market Through 2025?
In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate…

2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025?
In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion…

Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Professional Street Sweeper Market Size By 2025?
The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)…

Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a…
More Releases for Islam
Queens Chamber of Commerce Honors Shahed Islam, CEO of SJ Innovation, and Five O …
New York, NY - The Queens Chamber of Commerce has announced its honorees for the prestigious 2024 Business Person of the Year award, recognizing exceptional leaders who have made significant contributions to their fields and communities. Among the honorees is Shahed Islam, Co-Founder, and CEO of SJ Innovation, celebrated for his leadership in web development and AI-driven solutions. Shahed, alongside Co-Founder Shahera Choudhury, both software developers and Queens residents, embarked…
Shaba's Bean Pies: Iconic Nation of Islam Bean Pies and Soul Food Delights Now A …
Image: https://www.getnews.info/wp-content/uploads/2024/08/1723468567.png
Delivering Tradition and Flavor to Homes Across the United States
Shaba's Bean Pies [https://beanpieamerica.com/], a celebrated name in the world of traditional baking, is now bringing its beloved Nation of Islam Bean Pie to homes across the United States. This expansion allows pie enthusiasts from coast to coast to indulge in the unique taste and rich heritage of this iconic dessert, alongside a delectable range of soul food pies.
Known for…
Naimul Islam Manna, the famous Bangladeshi Musical Artist from Sylhet, Banglades …
Naimul Islam Manna is a Bangladeshi musician, music composer, independent artist, and writer.
He was born on 17 January 2005 in Sylhet, Bangladesh. He finished college in 2023 at Jalalabad Cantonment Public School and College (JCPSC), and now currently been doing his undergraduate in Dalhousie University, Nove Scotia, Canada.
From his school days, Naimul Islam Manna was so fond of listening to music in different genres. Being inspired and…
Global Islamic Finance in Achieving Market 2019-2026 | Top key Players are ICAEW …
Islamic Finance in Achieving Market 2019 Global Industry research report provides you market size, industry growth, share, development trends, demand, investment strategies, business idea and forecasts to 2026 This research report mostly explains the factors and services of the market and these are useful and valuable to the business. This report highlights comprehensive study of major market along with present and forecast market scenario with useful business decisions.
Top Key…
Islam meets Web 2.0 Free RSS feeds with Muslim Prayer Time are now available
The modern muslims are getting used to using a religious software and information services (e.g. sms) to get a right time for prayer (salat), that is regarded as an important part of muslim’s life. Now at the very start of RSS boom Muslim community got the access to Muslim Prayer Time (Azan) RSS feeds for PCs, mobiles and other devices from Pray In Time Information center (www.pray-in-time.org).
Accurate calculations of…
Address by President H.E. Mr. Islam Karimov at the festive ceremony dedicated to …
Assalomu-Alaykum, dear fellow countrymen!
Ladies and gentlemen,
Distinguished guests!
This day is an unforgettable day and grand celebration in the life of Uzbekistan. People of Kashkadarya, our entire nation are celebrating with profound joy the remarkable date in the history of our unique Homeland – the 2700th anniversary of ancient Nasaf – the ever-young city of Karshi.
On the occasion of this joyful holiday I am happy to congratulate you from the depth of…