*Takaful:
Is an Islamic insurance which complies to Shariah law, wherein members contribute money into a pool system to guarantee each other against loss or damage. Those insurances where introduced as an alternative to conventional insurances as they avoid interest, high risk investments and high uncertainties.
**Sukuk:
Is a financial product complying to sharia law. It is a financial certificate comparable to a bond which allows the issuer to sell those sukuks to investors in order to purchase and assets of which investors have a partial ownership. The sukuk issuer is contractually bound to buy back those sukuks at a future date as per value. The main difference between a sukuk and a conventional bond is the abstention from accumulating interest.
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Distribution of Islamic finance assets value worldwide 2022, by type
In 2022, the value of Islamic banking assets worldwide amounted to *** trillion U.S. dollars. In the same year, the total assets value of global Islamic finance markets amounted to about *** trillion U.S. dollars.
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ICD. (November 30, 2023). Value of Islamic finance assets distribution worldwide in 2022, by type (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 31, 2026, from /statistics/1090780/worldwide-value-of-islamic-finance-assets-distribution-by-type/
ICD. "Value of Islamic finance assets distribution worldwide in 2022, by type (in billion U.S. dollars)." Chart. November 30, 2023. ÌÇÐÄÆÆ½â°æ. Accessed July 31, 2026. /statistics/1090780/worldwide-value-of-islamic-finance-assets-distribution-by-type/
ICD. (2023). Value of Islamic finance assets distribution worldwide in 2022, by type (in billion U.S. dollars). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 31, 2026. /statistics/1090780/worldwide-value-of-islamic-finance-assets-distribution-by-type/
ICD. "Value of Islamic Finance Assets Distribution Worldwide in 2022, by Type (in Billion U.S. Dollars)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 30 Nov 2023, /statistics/1090780/worldwide-value-of-islamic-finance-assets-distribution-by-type/
ICD, Value of Islamic finance assets distribution worldwide in 2022, by type (in billion U.S. dollars) ÌÇÐÄÆÆ½â°æ, /statistics/1090780/worldwide-value-of-islamic-finance-assets-distribution-by-type/ (last visited July 31, 2026)
Value of Islamic finance assets distribution worldwide in 2022, by type (in billion U.S. dollars) [Graph], ICD, November 30, 2023. [Online]. Available: /statistics/1090780/worldwide-value-of-islamic-finance-assets-distribution-by-type/