Refinitiv

Islamic finance industry is projected to reach $4.94 trillion in 2025 according to the Islamic Finance Development Indicator (IFDI) 2021released today by Refinitiv, a London Stock Exchange Group (LSEG) business. The report highlighted new trends this year, including the expansion of the fintech industry and digital banks led by Malaysia, Indonesia, Saudi Arabia, Bahrain, and the UAE. The Southeast Asian nations Malaysia and Indonesia retained their top rankings for the second year in a row. According to the report, global assets for the industry maintained double-digit growth, rising 14% to ...