According to the *Islamic Finance Development Report* (IFDR), the global value of Islamic finance assets reached US$4.5 trillion in 2022.
This figure comprises assets from Islamic banking, sukuk, Islamic funds, Takaful (Islamic insurance), and other finance industries based on Islamic principles.
Iran held the largest Islamic finance assets in 2022, amounting to US$1.5 trillion, equivalent to 34% of the total global Islamic finance assets.
Following Iran are Saudi Arabia, Malaysia, the United Arab Emirates, Kuwait, Qatar, Indonesia, and Bahrain, with details as shown in the graph.
Collectively, these eight countries controlled 92% of the total global Islamic finance assets in 2022.
In 2022, the largest portion of global Islamic finance assets (72%) originated from Islamic banking. Sukuk accounted for 17%, Islamic funds for 5%, Takaful for 2%, and other industries for 4%.