Value of global Islamic finance assets projected to reach $3.2 tn by 2020

Global Islamic finance assets had an estimated value of $1.8 trillion in 2014 and are expected to almost double by 2020 to reach $3.2 trillion, according to the ICD Thomson Reuters Islamic Finance Development Indicator.

The projections come ahead of the 2015 World Islamic Banking Conference (WIBC 2015), which will be hosted by Thomson Reuters, the world's leading provider of intelligent information for businesses and professionals, and The Islamic Research and Training Institute (IRTI), an affiliate of the Islamic Development Bank Group.

The Roundtable, set for December 1, 2015 in Bahrain, is titled 'Capturing Growth Opportunities in Emerging Islamic Finance Markets'. It aims to highlight the investment opportunities in high-growth emerging Islamic finance markets covering key regions, including Central Asia, North Africa, and the Americas. The Roundtable will be inaugurated by high-level officials representing some emerging Islamic finance markets, including Nurlan Kussainov, Deputy Governor of the National Bank of Kazakhstan; Janet L Ecker, President and Chief Executive Officer of the Toronto Financial Services Alliance; Fadi al Faqih, Chief Executive Officer of the Bank of Khartoum, and a number of other government and corporate representatives.