Gulf Cooperation Council stats held over 1.6 trillion of the total assets of the Islamic financial services industry in 2021. South East Asia, and the Middle East and South Asia accounted for further 1.45 trillion U.S. dollars of assets when taken together. All up, these three regions hold 94 percent share of the total assets in the Islamic financial services industry.
Assets of Islamic financial services worldwide in 2021, by region
(in billion U.S. dollars)
Islamic funds are structured so as to comply with Islamic religious law (Sharia). Typically, Sharia is understood to prohibit investments in:
conventional financial services or debt instruments which earn income through interest or excess
businesses which engage in activities forbidden by Sharia, such alcohol and gambling
speculative transactions
For the purposes of regional classification, Iran is included in “MESA”, North African countries are included in “Africa”, and Turkey is included in “Others”.
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IFSB. (August 28, 2022). Assets of Islamic financial services worldwide in 2021, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264587/islamic-financial-services-assets-region/
IFSB. "Assets of Islamic financial services worldwide in 2021, by region (in billion U.S. dollars)." Chart. August 28, 2022. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264587/islamic-financial-services-assets-region/
IFSB. (2022). Assets of Islamic financial services worldwide in 2021, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264587/islamic-financial-services-assets-region/
IFSB. "Assets of Islamic Financial Services Worldwide in 2021, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Aug 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264587/islamic-financial-services-assets-region/
IFSB, Assets of Islamic financial services worldwide in 2021, by region (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264587/islamic-financial-services-assets-region/ (last visited November 13, 2024)
Assets of Islamic financial services worldwide in 2021, by region (in billion U.S. dollars) [Graph], IFSB, August 28, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264587/islamic-financial-services-assets-region/
