Refinitiv, a subsidiary of the London Stock Exchange Group, which is considered one of the leading providers of smart information to companies and specialists in the world, and the Islamic Corporation for the Development of the Private Sector, expected that the size of the global Islamic finance industry would reach $5.9 trillion by 2026 compared to $4 trillion in 2021, driven by banks. Islamic instruments.
According to “The 2022 Islamic Finance Development Index” (IFDI) issued by Refinitiv foundation, Malaysia topped the Islamic Finance Development Index list this year with a score of 113 points, followed by Saudi Arabia 74, then Indonesia 61, Bahrain at 59, Kuwait at 59, UAE 52, Oman 48, Pakistan 43, Qatar 38, and Bangladesh 36.
The Islamic Finance Development Index measures the extent to which the Islamic finance sector has developed in 136 countries based on financial performance, governance, sustainability, knowledge, and awareness.
Kuwait scored 42 in financial performance and ranked fourth in the world and second in the Gulf, 75 in governance, ranking fifth in the world and third in the Gulf, 20 in sustainability, 21 in knowledge, and 157 in awareness ranking second in the world and first in the region.
Source (Al-Rai Kuwaiti Newspaper, Edited)
