A new research document titled, Global Islamic Finance Market is released by AdvanceMarketAnalytics. The market study is a cautious attempt of the industry with strategic steps to the targets of business environment and the ones that are tried to have an essential impression on the progression of the Islamic Finance market. AMA recognizes the following companies as the key players in the Global Islamic Finance market: Citibank (United States), HSBC Bank (United Kingdom), Dubai Islamic Bank (United Arab Emirates), Nasser Social Bank (Egypt), Kuwait Finance House (KFH) (Malaysia), Al Baraka Banking Group (Jordan Islamic Bank) (Bahrain), Bahrain Islamic Bank (Bahrain), Islamic Bank of Iran (United Kingdom), Bank of Ningxia (Ningxia) and Bank Al-Rajhi (Saudi Arabia). Global Islamic Finance are expected to make a significant contribution to the overall industry, with an estimated market to reach USD Million by 2025.
Growing Acceptance of Mobile Banking
is one of the key components driving the development of this market in the following couple of years. "High Adoption in Saudi Arabia Region" adds to the investigation what growth market seeks ahead. This causes analysts to concentrate more on regional factors and regulatory and influencing factors ahead of any other approach.
One of the key patterns that will drive the development prospects for the Islamic Finance amid the anticipated period is the High Growth Possible for the Countries Including India, With the Presence of Muslim Population
. The Services, such as Personal Banking, is boosting the Islamic Finance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The End Users, such as Individual, is boosting the Islamic Finance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Islamic Finance market is very focused because of the nearness of many key organizations. The main Players are focusing on presenting new product/services and are constantly upgrading their existing offerings to keep pace with the overall industry.
The key target audience considered while formulating the study are as follows: Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Islamic Finance Services Providers, Government Regulatory and Research Organizations and End-Use Industries
Available Customization: List of players that can be included in the study on immediate basis are Qatar Islamic Bank (Qatar), Alinma Bank (Kingdom of Saudi Arabia) and Bank Maskan Iran (Iran).
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Islamic Finance market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Islamic Finance market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Islamic Finance Services Providers, Government Regulatory and Research Organizations and End-Use Industries. This helps us to gather the data for the playersÂ revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.