|By PR Newswire||
|April 11, 2014 01:00 PM EDT||
DUBLIN, April 11, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/6x4w8d/global_islamic) has announced the addition of the "Global Islamic Banking Market Report" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The analysts forecast the Global Islamic Banking market to grow at a CAGR of 21.43 percent over the period 2012-2016. One of the key factors contributing to this market growth is the tremendous growth in the Global Halal Food industry. The Global Islamic Banking market has also been witnessing the development of sophisticated regulatory framework. However, the intense competition from conventional banks could pose a challenge to the growth of this market.
The report, the Global Islamic Banking Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in Africa, Asia, Europe, and the Middle East; it also covers the Global Islamic Banking market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The introduction of new products in Islamic banking is one of the major trends being witnessed in the market in recent years. Most of the players in this market do not have an adequate product portfolio that satisfies all the needs of clients in various countries. For instance, there is a shortage of liquidity instruments and marketable securities that are required to cover liquidity shortage or absorb excess liquidity. Islamic scholars are now developing and introducing new products to cater to the varying demands of the market. Thus, the introduction of new products in Islamic banking is expected to foster the growth of the market during the forecast period.
According to the report, one of the major drivers in this market is the rapid growth of the Global Halal Food industry, which adopts banking products and services that are strictly consistent with Sharia laws. This leads them to the only alternative to conventional banking, which is Islamic banking. Islamic banking accounted for a 1.5 percent share of the global banking assets in 2012, which indicates that the market has immense growth prospects.
Further, the report states that one of the main challenges in this market is the lack of awareness about Islamic banking and its principles among the people. Since it is a relatively new concept, many Islamic and non-Islamic countries are not aware of Islamic banking and its products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Market Segmentation
8. Geographical Segmentation
9. Key Leading Countries
10. Vendor Landscape
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Key Vendor Analysis
18. Other Reports in this Series
- Abu Dhabi Islamic Bank
- Al Baraka Bank
- Al Rajhi Bank
- Al Rajhi Bank
- Bank Mellat
- Bank Melli Iran
- Bank Sadarat Iran
- Bank Tejarat
- Kuwait Finance House K.S.C and Subsidiaries
- Malayan Banking Berhad
- Maybank Islamic Berhad
For more information visit http://www.researchandmarkets.com/research/6x4w8d/global_islamic
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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