Financial Outlook of the OIC Member Countries 2016
29
Figure 22: Islamic Banking Share in Total Banking Assets (%- 1H2015)
Source: IFSB, Islamic Financial Stability Report 2016
By jurisdiction, Iran is the largest domicile hub for participation banking assets. The 10 top
countries dominate the sector with 92.1 percent of the sector assets. The Compound Annual
Growth Rate between 2010 and 2014 was 16.1 percent (Ernst and Young, 2016).
Figure 23: Shares of Global Islamic Banking Assets as of 1H2015
Source: IFSB, Islamic Financial Stability Report 2016
Islamic Capital Market Sector 4.3
Islamic capital markets comprise three main sectors: Sukuk or Islamic Bond Market, Islamic
Equity Markets, and Islamic Fund Markets.
Sukuk/ Islamic Bond Market: The global Sukuk issuances were 60.6 billion USD in 2015 with
a dramatic 43 percent fall according to 2014. IIFM (2016) identified the main reason behind
this drop as the Bank Negara Malaysia policy decision to discontinue issuance of short-term
investment Sukuk.
15
18,4
19,4
23
26,1
33
38,9
49
49
100
100
0 10 20 30 40 50 60 70 80 90 100
Djibouti
UAE
Bangladesh
Malaysia
Qatar
Yemen
Kuwait
Saudi Arabia
Brunei
Sudan
Iran
37,3
19
9,3 8,1
5,9 5,1 2,9
1,7 1,6 1,4 1,3 1,2 1 0,6 0,4 0,3
3,1
0
5
10
15
20
25
30
35
40