The size of the global Islamic finance industry is currently estimated at around $4 trillion, Sami Al-Suwailem, Acting Director General of the Islamic Development Bank Institute (IsDBI), said at the 20th IsDB Global Forum on Islamic Finance held within the framework of the annual meetings of the Islamic Development Bank Group (IsDB).
According to him, the total size of the Islamic Development Bank Group is approximately $40 billion.
“This means that in terms of size, the IsDB Group accounts for only 0.1% of the global Islamic finance industry. However, the Group’s impact is far greater than its size,” he said.
Sami Al-Suwailem stressed that the IsDB Group has played a leading role in the development of the Islamic finance industry since its establishment:
“The IsDB Group has been the leader of the industry for more than 50 years and continues to maintain this leadership. This fact shows that the Group ensures its leadership through quality, not quantity.”
He noted that the activities of the Islamic Development Bank Group are not limited to financing, but are also aimed at the development of Islamic finance, knowledge sharing, strengthening institutional capacity, and expanding cooperation among member countries.
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