Islamic banking asset share globally 2021, by country

Published by
Amna Puri-Mirza,
Mar 22, 2024
When taken together, Saudi Arabia and Iran accounted for 47.6 percent assets held by Islamic banks in 2021. Malaysia with third with around 11.2 percent, while no other country held more than 10 percent of the total. Overall, total assets of Islamic banks amounted to 1.84 trillion U.S. dollars in 2020

Distribution of assets of Islamic banks worldwide in 2021, by country (in billion dollars)

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Release date

August 2022

Region

Worldwide

Survey time period

2021

Supplementary notes

Islamic banks 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

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