View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 10, 2014updated 04 Apr 2017 2:31pm

Islamic finance assets to reach US$2.1 trillion by end of 2014: KFH-Research report

The total Islamic finance assets will reach US$2.1 trillion by the end of 2014, and the total asset of Islamic banking sector will reach US$1.6 trillion, KFH-Research said in a report.

By Verdict Staff

The total Islamic finance assets will reach US$2.1 trillion by the end of 2014, and the total asset of Islamic banking sector will reach US$1.6 trillion, KFH-Research said in a report.

According to the report, which focuses on 2014 Islamic finance expectations, Islamic finance industry will continue to draw tremendous double digit growth rates across all sectors.

The growth will be driven by both demand and supply factors, and facilitated by government agencies and financial regulators, the report says.

Also, gross contributions of the global takaful industry are expected to surpass the US$20 billion mark in 2014.

The report added that overall, Islamic finance in 2014, is set to experience another increased momentum, particularly in the sukuk market with the issuances by few sovereigns like UK, Luxembourg, South Africa, Tunisia, Mauritania and Senegal.

"In 2014, the global Islamic funds industry should benefit from steady global economic recovery which will bolster investor confidence and performance of underlying invested assets," the report says.

Much of the anticipated recovery will come from the advanced economies, while the growth trajectory of emerging countries will remain stable. In this light, greater investor focus will be placed on policy decisions and reforms in individual emerging economies, the report predicts.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International