Approximately 46 billion U.S. dollars of Islamic fund assets were located in Gulf Cooperation Council countries, closely followed by South East Asian countries which held 41.9 billion U.S. dollars of assets. The "other" region was the next largest with just over 30 billion, which notably includes a large share of assets of Islamic funds held in countries like Luxembourg and the United States.
Total assets of Islamic funds worldwide in 2020, by region
(in billion dollars)
Characteristic
Assets in billion U.S. dollars
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Islamic funds are structured so as to comply with Islamic religious law (Sharia). Typically, Sharia is understood to prohibit investments in:
conventional financial services or debt instruments which earn income through interest or excess
businesses which engage in activities forbidden by Sharia, such alcohol and gambling
speculative transactions
For the purposes of regional classification, Iran is included in “MESA”, North African countries are included in “Africa”, and Turkey is included in “Others”.
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IFSB. (August 16, 2021). Total assets of Islamic funds worldwide in 2020, by region (in billion dollars) [Graph]. In Statista. Retrieved September 13, 2024, from https://www.statista.com/statistics/1264383/islamic-fund-assets-region/
IFSB. "Total assets of Islamic funds worldwide in 2020, by region (in billion dollars)." Chart. August 16, 2021. Statista. Accessed September 13, 2024. https://www.statista.com/statistics/1264383/islamic-fund-assets-region/
IFSB. (2021). Total assets of Islamic funds worldwide in 2020, by region (in billion dollars). Statista. Statista Inc.. Accessed: September 13, 2024. https://www.statista.com/statistics/1264383/islamic-fund-assets-region/
IFSB. "Total Assets of Islamic Funds Worldwide in 2020, by Region (in Billion Dollars)." Statista, Statista Inc., 16 Aug 2021, https://www.statista.com/statistics/1264383/islamic-fund-assets-region/
IFSB, Total assets of Islamic funds worldwide in 2020, by region (in billion dollars) Statista, https://www.statista.com/statistics/1264383/islamic-fund-assets-region/ (last visited September 13, 2024)
Total assets of Islamic funds worldwide in 2020, by region (in billion dollars) [Graph], IFSB, August 16, 2021. [Online]. Available: https://www.statista.com/statistics/1264383/islamic-fund-assets-region/