Market outlook of Islamic banking and financing
Islamic banking and financial vendors are increasingly seeking diversification into foreign investments on account of strong growth prospects and higher investment returns. Technavio’s market research analysts predict the global Islamic financing market to record a CAGR of close to 19% during the 2015 to 2019 period.
The market is expected to witness an increase in the demand for sharia-compliant assets in Asian markets, including Malaysia, and Indonesia. Islamic banks located in Iran and GCC are also expanding operations in countries like Singapore to deploy Islamic funds strategically to corporates in the different regions across the globe, through Islamic bank financing, and Sukuk issuances. Similarly, other countries offering strong political support with various tax incentives for institutional investors will attract significant investments through Islamic banking in the years to come.
Global Islamic finance segmentation by product
- Sukuk outstanding
- Islamic funds' assets
- Takaful contributions
Islamic banks will produce more customized products and services for the clients over the forecast period. Governments of different developing economies are also focusing on the regulatory intervention that help the key market players to expand their customer base. In countries like UAE the Islamic banking industry is estimated to grow at more than twice the rate of conventional banking which would considerably spur the growth of the Islamic banking assets over the next fore years.
Geographical segmentation and analysis of the global Islamic banking financing market
- Sub-Saharan Africa
- Other regions
This market research report predicts the global Islamic financing in Asia to reach a market size of over USD 985 billion by 2019 with the growth of Islamic financing in countries like Bangladesh, Indonesia, Malaysia, and Pakistan.
The asset-backed nature of Islamic financing is ideal to build highway networks, new ports and other huge investment projects. An estimated USD 800 billion worth of infrastructure financing will be needed each year in Asia over the next decade. During the forecast period, countries such as Hong Kong, China, and Thailand will also witness a growing niche of Islamic finance.
Vendor analysis of the global Islamic financing market
Low market penetration of Islamic products in most of the emerging markets has created an attractive growth opportunity for the top market players. Market expansion strategies are crucial to the enhancement of Islamic products and services. To capitalize on the market opportunity, the leading players are expected to focus more on devising and developing effective marketing channels by affiliating with various distribution channels as per the forecast.
- Al Rajhi Bank
- Abu Dhabi Islamic Bank
- Al Baraka Banking Group
- Dubai Islamic Bank
- Emirates NBD
Key questions answered in the report
- What are the key factors driving the global Islamic financing market?
- What are the key market trends impacting the growth of the global Islamic financing market?
- What are the various opportunities and threats faced by the vendors in the global Islamic financing market?
- Trending factors influencing the market shares for GCC, MENA (ex. GCC), Asia, Sub-Saharan Africa, and other regions?
- Key outcome of the five forces analysis on the global Islamic financing market?
- Growth forecast of the global Islamic financing market until 2019?
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
Core principles of Islamic finance
Difference between conventional financing and Islamic financing
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Global Islamic Finance Segmentation
Islamic Funds' Assets
PART 07: Geographical segmentation
Global Islamic Financing Segmentation by Regions
Islamic financing market in GCC
Islamic financing market in MENA (ex. GCC)
Islamic financing market in Asia
Islamic financing market in Sub-Saharan Africa
Islamic financing market in other regions
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Market Share Analysis 2014
Other prominent vendors
PART 14: Key vendor analysis
Al Rajhi Bank
Abu Dhabi Islamic Bank
Al Baraka Banking Group
Dubai Islamic Bank
Kuwait Finance House
Qatar International Islamic Bank
Samba Financial Group
PART 15: Appendix
List of abbreviation
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
- Collation of data
- Estimation of key figures
- Analysis of derived insights
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape