Islamic Finance: Building 150 financial institutions by 2020

Shari'ah-compliant assets represent only 1% of global financial assets.  However, the market has been growing at over 30% annually since 2000 and is set for continued growth. 

In this Oliver Wyman perspective, Islamic Finance: Building 150 financial institutions by 2020, we estimate that there is demand for many more financial institutions in this sector.  This growth can come from establishing Islamic windows at conventional institutions, converting existing conventional banks, or creating entirely new Islamic financial institutions - options which we describe and link to different market scenarios.

Although many players have already made large strategic investments in this space and positioned themselves to take advantage of the significant growth opportunities in the Muslim world, the most successful entrants will be those that adopt a structured approach to institution-building so that it can be scaled up across segments, sectors and geographies.

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Lead Author
Greg Rung, Partner in the EMEA Retail & Business Banking Practice

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