The IFDI 2023 Report, titled "Navigating Uncertainty," offers a comprehensive overview of the global Islamic finance industry. It highlights the industry's resilience amid global financial stress, with assets growing to $4.5 trillion in 2022, and forecasts a rise to $6.7 trillion by 2027. The report examines various sectors like Islamic banking, Sukuk, Islamic funds, and Takaful, noting their performance, challenges, and growth potential. It also delves into the Islamic finance ecosystem, including governance, sustainability, and technological advancements, providing insights and future outlooks. Key themes include the increasing role of sustainability and Fintech in Islamic finance, as well as significant contributions from countries like Malaysia, Saudi Arabia, and Pakistan.
The IFDI 2023 Report presents a detailed overview of the Islamic finance industry, focusing on several key areas:
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Global Islamic Finance Development Indicator: This section assesses the overall state of the Islamic finance industry, including growth trends and projections.
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Financial Performance: Examines the performance of various sectors within Islamic finance, such as Islamic banking, Takaful, and Islamic funds.
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Islamic Finance Ecosystem: Discusses aspects like governance, sustainability, and awareness in the industry, providing insights into the supporting structures of Islamic finance.
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Methodology and Appendix: Offers a detailed explanation of the methodologies used in the report, providing a foundation for the analysis presented.
Each chapter combines statistical data, industry insights, and expert analysis to present a comprehensive picture of the current state and future prospects of Islamic finance globally.
