Global Islamic Finance Assets in 2023: 73% Contributed by Banking

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Adi Ahdiat 18/12/2024 15:20 WIB

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According to the Islamic Finance Development Indicator report, the total global assets of the Islamic finance industry reached US$4.9 trillion in 2023. 73% of this came from the Islamic banking secto

Global Islamic Finance Industry Asset Value by Sector (2023)

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Global Islamic Finance Industry Asset Value by Sector (2023)

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According to the Islamic Finance Development Indicator (IFDI) report, the total value of global Islamic finance industry assets reached US$4.9 trillion in 2023.

The majority of these assets originated from Islamic banking, accounting for 73% of the total global Islamic finance industry assets.

Sukuk contributed 18%, Islamic funds 5%, Takaful (Islamic insurance) 2%, and other Islamic finance industries 3%, with the value breakdown shown in the graph.

These Islamic finance industry sectors exhibited varying asset growth rates.

The highest growth rate was in Islamic funds, and the lowest was in Takaful (Islamic insurance). Details are as follows:

* Islamic funds: asset value grew by 16% (yoy) in 2023.
* Islamic banking: grew by 12% (yoy).
* Sukuk: grew by 9% (yoy).
* Other Islamic finance: grew by 5% (yoy).
* Takaful (Islamic insurance): grew by 1% (yoy).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."