The existing Islamic Finance market stands at an estimated $1.35 trillion in assets covering commercial banking, funds, sukuks, takaful, and other segments. While this represents a very small proportion of global financial assets, it is a fast growing segment growing at 15-20% a year in many of its core markets. In addition, an estimated $628 million of Islamic Microfinance assets is also a growing segment although representing about 0.8% of the estimated total global microfinance market of $78 billion (2011.)
Assuming an optimal scenario in core Islamic Finance markets of the OIC countries, the 2012 potential Islamic Banking universe could be $4,095 billion in assets. Current Islamic banking assets amount to $985 billion, comprising less than 1% of global assets. China leads in total banking assets with its $21,550 billion asset base in 2012.
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