COMCEC Financial Outlook 2018
22
Figure 14: Breakdown of IFSI by Islamic Finance Segments (%)
Source: Compiled from IFSB 2019 and IFSB 2018.
2.3 Islamic Banking
Total assets of the Islamic banking in 2018 slightly increased from USD 1.557 trillion to USD
1.571 trillion [2017], and share of the Islamic banking in the Islamic finance industry recorded
71.7% [2017: 76.0%]. In the same period, while Asia indicated double-digit growth rate at 15%,
total Islamic banking assets of the GCC and Africa (ex-North) region decreased by 5% and 51%
respectively.
Figure 15: Islamic Banking Share in Total Domestic Banking and Global Islamic Banking
Assets (%)
19,5
76,0
3,3 1,3
24,2
71,7
2,8 1,3
Sukuk Islamic Banking Islamic Funds Takaful
2017 2018
100,0 100,0
63,6
51,5
40,6
26,5 25,2
20,6 20,1
15,6
32,1
0,7 0,5
20,2
6,3
10,8
6,2
9,8
1,9 0,7
Islamic Banking Share in Total Banking Assets by Country
Share of Global Islamic Banking Assets