Islamic Finance 

Report: ICD-Thomson Reuters Islamic Finance Development Report 2017

07 December, 2017 | Industry Report
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Report: ICD-Thomson Reuters Islamic Finance Development Report 2017

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DescriptionThe ICD-Thomson Reuters Islamic Finance Development Indicator (IFDI) looks at 5 key dimensions that are deemed important for the development of the global Islamic finance industry. These are: Quantitative Development (QD), Knowledge, Governance, Corporate Social Responsibility (CSR), and Awareness. The indicator’s annual report, the ICD-Thomson Reuters Islamic Finance Development Report 2017, brings you the latest trends from the industry, also highlighting key figures and top performers.
Executive SummaryThe Islamic finance industry has reverted to growth after a brief downturn caused by low oil prices and stumbling economies in some of its key markets, with total industry assets growing 7% in 2016 to US$ 2.2 trillion. Governance in particular made strong gains as governments saw the industry as one way to rekindle their economies. Islamic finance may be young, and still tiny in comparison with the global financial industry, but the industry’s rapid development suggests it will continue to grow.

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