press release
Islamic Finance Development Report 2022: Embracing Change
15 Dec 2022 | Thursday Refinitiv
The Islamic finance industry reached another milestone in 2021 despite difficulties posed by COVID-19 for the second consecutive year. Find out how this market developed during 2021 and the key trends impacting the industry.
According to the Islamic Finance Development Indicator (IFDI), the Islamic finance industry reached almost US$4.0 trillion in total assets in 2021 on a growth of 17% from 2020. The total global net income reported by Islamic financial institutions in 2021 also increased three times from 2020, signalling improved outcomes, especially for Islamic banks.
