Of the 1.84 trillion U.S. dollars of assets held by Islamic banks in 2020, almost one trillion were located in Gulf Cooperation Council countries. The Middle East and South Asia accounted for another half a trillion U.S. dollars in assets, almost double the amount held by South East Asian countries. However, regional sukuk issuance was highest in South East Asia, somewhat offsetting this difference.
Total assets of Islamic banks worldwide from 2018 to Q3 2020, by region
(in billion dollars)
Islamic banks 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 16, 2021). Total assets of Islamic banks worldwide from 2018 to Q3 2020, by region (in billion dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264618/islamic-banking-assets-region/
IFSB. "Total assets of Islamic banks worldwide from 2018 to Q3 2020, by region (in billion dollars)." Chart. August 16, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264618/islamic-banking-assets-region/
IFSB. (2021). Total assets of Islamic banks worldwide from 2018 to Q3 2020, by region (in billion dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264618/islamic-banking-assets-region/
IFSB. "Total Assets of Islamic Banks Worldwide from 2018 to Q3 2020, by Region (in Billion Dollars)." Statista, Statista Inc., 16 Aug 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264618/islamic-banking-assets-region/
IFSB, Total assets of Islamic banks worldwide from 2018 to Q3 2020, by region (in billion dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264618/islamic-banking-assets-region/ (last visited November 10, 2024)
Total assets of Islamic banks worldwide from 2018 to Q3 2020, by region (in billion dollars) [Graph], IFSB, August 16, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1264618/islamic-banking-assets-region/
