Global Growth of Islamic Banking Assets until 2023

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Adi Ahdiat 19/12/2024 12:10 WIB

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According to the Islamic Finance Development Indicator report, the global value of Islamic banking assets reached US$3.57 trillion in 2023, a 12% increase compared to 2022.

Global Islamic Banking Asset Value (2017-2023)

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Global Islamic Banking Asset Value (2017-2023)

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According to the Islamic Finance Development Indicator (IFDI) report, the value of global Islamic banking assets reached US$3.57 trillion in 2023.

This represents a 12% increase compared to 2022, reaching a new record high as shown in the graph.

This increase in assets is partly driven by the growing number of countries with Islamic banks.

"The world of Islamic banking is expanding with the entry of new countries. Several jurisdictions have established their first Islamic banks, increasing the number of countries with Islamic banks to 75," the IFDI report states.

"This number is expected to increase further in 2024, as in March, Salaam Bank became the first Islamic bank in Uganda. Another African country marking a milestone in Islamic finance is Malawi, where FDH Bank introduced its Islamic banking window," it continues.

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."

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Global Growth of Islamic Banking Assets until 2023

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