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Islamic finance assets to hit $3.69tr by 2024 - The Nation Nigeria News thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
By Fri Dec 11 2020 Global Islamic Finance assets are forecast to reach USD 3.69 trillion by 2024, according to the 2020 Islamic Finance Development Report released on Wednesday by Refinitiv and the Islamic Corporation for the Development of the Private Sector, ICD, the private sector development arm of the Islamic Development Bank, IsDB. According to the report, global Islamic Finance assets increased by 14 percent year-on-year totaling USD 2.88 trillion in 2019. Islamic Finance assets of Gulf Cooperation Council, GCC, reached USD 1.2 trillion in 2019, followed by Middle East and North Africa, MENA, at USD 755 billion (excluding the GCC), and Southeast Asia at USD 685 billion. The Islamic banking sector contributes the bulk of the global Islamic Finance assets. The sector grew 14 percent in 2019, equating to USD 1.99 trillion in global assets. This compares with just 1 percent growth in 2018 and an average annual growth of 5 percent over the period from 2015 to 201 ....
KUALA LUMPUR: Global Islamic finance assets are forecast to reach US$3.69 trillion (US$1=RM4.05) by 2024, according to the 2020 Islamic Finance Development Report released by Refinitiv and the Islamic Corporation for the Development of the Private Sector (ICD) today. ....
10 December 2020 15:09 Share in: JEDDAH. KAZINFORM Global Islamic Finance assets are forecast to reach USD 3.69 trillion by 2024, according to the 2020 Islamic Finance Development Report released today by Refinitiv and the Islamic Corporation for the Development of the Private Sector, ICD, the private sector development arm of the Islamic Development Bank, IsDB. Related news According to the report, global Islamic Finance assets increased by 14 percent year-on-year totaling USD 2.88 trillion in 2019. Islamic Finance assets of Gulf Cooperation Council, GCC, reached USD 1.2 trillion in 2019, followed by Middle East and North Africa, MENA, at USD 755 billion (excluding the GCC), and Southeast Asia at USD 685 billion, WAM reports. ....