Islamic finance numbers may surprise.

Islamic finance continues to grow strongly, and with the exception of 2008-2009, when most of the world experienced a financial dip, the growth has almost been a straight line.

Today’s chart comes from The Economist:

From The Economist article:

“THE global market for Islamic finance at the end of last year was worth around $1.3 trillion, according to the UK Islamic Finance Secretariat, part of the CityUK lobby group. The total value of sharia-compliant assets has grown by 150% since 2006. Globally, banks hold over 90% of Islamic assets, and together with funds are big investors in sukuk, a type of bond. According to the latest quarterly report from Zawya, a business information firm, global sukuk issuance in the first quarter of this year was $43.3 billion, almost half the total for the whole of 2011. The withdrawal of European banks lending to the Gulf Co-operation Council (GCC) region is thought to have contributed to this rise. Total issuance could reach $126 billion this year, continuing the growth trend (aside from a brief decline in 2008 associated with the global economic slowdown).”

In many ways the rise is to be expected, many nations with large Islamic populations are becoming wealthier and are in regions of global growth. Asian and Middle Eastern nations with large Islamic populations lead the way, and Malaysia – arguably the largest and wealthiest nation with a large Islamic population is well ahead of the pack.


About Ed.

Digital, Search, Social leader.
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