Karachi
Islamic Finance Market Size, Status, Business Future Scenarios and Brief Analysis 2020-2026 report begins with the overview of the Islamic Finance Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behavior, pricing factors and market performance and estimation.
The forecast market information, SWOT analysis, Islamic Finance market scenario, and feasibility study are the vital aspects analyzed in this report. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
“Islamic Finance Market is growing at a High CAGR during the forecast period 2020-2026. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Islamic Finance Market: Citibank, HSBC Bank, Nasser Social Bank, Kuwait Finance House (KFH), Dubai Islamic Bank, Islamic Bank of Iran, Jordan Islamic Bank, Bank of Ningxia, Bahrain Islamic Bank
Islamic banking is the largest sector in the Islamic finance industry, contributing to 71%, or USD 1.72 trillion, of the industry’s assets. The sector is supported by an array of commercial, wholesale, and other types of banks. Yet commercial banking remains the main contributor to the sector’s growth. There were 505 Islamic banks in 2017, including 207 Islamic Banking windows. However, the number of players is not necessarily indicative of the size of the industry, in terms of assets. Islamic finance’s second-largest market, Saudi Arabia, has 16 Islamic banks, including windows, which is less than the smaller markets of Malaysia and the United Arab Emirates.
With the rapidly growing popularity of mobile banking, particularly among younger people, according to PwC’s 2018 Digital Banking Consumer Survey, a growing number of digital-only, or disruptor banks’ with no physical branches, have emerged.
Islamic banks are also catching up on this trend, with the launch of digital-only subsidiaries, such as Gulf International Bank’s Meem in Bahrain and Saudi Arabia, and Albaraka Trks insha in Germany and other European countries with large Muslim communities.—(Courtesy: OPEN PR)
