Case Studies Guidelines and RubricsTopic Grade % scores | Alternative BTitle: Islamic Financial ProductPart: Introduction: Includes: 1.0% of final grade 5% 1 page maximum(a) Your research...

1 answer below »

View more »
Answered 1 days AfterDec 03, 2022

Answer To: Case Studies Guidelines and RubricsTopic Grade % scores | Alternative BTitle: Islamic...

Rochak answered on Dec 04 2022
51 Votes
Part III: Data
The data used to analyze the topic is the Islamic Finance Development Indicator (IFDI) which is built by Refinitiv and is called one of the most advanced and comprehensive Islamic finance databases in the world right now. The i
ndicator is used for Bangladesh.
    Islamic Banking Asset (Bangladesh)
    Year
    Islamic Banking Assets
    2015
    $10 Billion
    2016
    $12 Billion
    2017
    $15 Billion
    2018
    $17 Billion
    2019
    $21 Billion
    2020
    $23 Billion
    2021
    $26 Billion
    2022
    $30 Billion
    2026 (Projected)
    $45 Billion
                                        Source: Refinitiv
As can be seen in the above dataset the Islamic Banking Assets which comprise all the Islamic financial products available in the market currently approximately $30 Billion which is expected to increase and reach a high of $45 Billion by the end of 2026 which will make it one of the biggest financial products in the world and will contribute to the highest contribution in Asia.
    Asset holding by region
Asia is one region which has one of the largest shares of Islamic financial assets in the world. As can be seen in the below pie chart the Asian holding is approximately 19% of the world’s Islamic Financial Assets, which makes it one of the most important destinations around the world for Islamic Financial assets.
In Asia the country which has the most assets in terms of market value is Bangladesh with assets of around 30 billion dollars.
    Islamic Financial Products Indicators (World)
    Indicator
    2019
    2020
    2021
    Sukuk Issuance
    $64.7 Billion
    $61.5 Billion
    $61.4 Billion
    Sukuk Outstanding
    $246.5 Billion
    $272.1 Billion
    $289.0 Billion
    Shari’ah compliant equities
    $537.3 Billion
    $546.5 Billion
    $575.4 Billion
    Shari’ah compliant assets under management
    $49.8 Billion
    $61.2 Billion
    $61.5 Billion
From the table above it can be seen that the various indicators indicate that the popularity of financial products, like Islamic financial products, is increasing over the years and this will contribute to more and more adoption of such products across the world.
The intention of these financial products is clear one needs to follow the Shari’ah principles while issuing such products (Newaz, Fam and Sharma 2016).
Part IV: Analyze and discuss the difference between theory and practice
Islamic financial products are those products where the products have to follow the principles of Shari’ah and therefore...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
April
January
February
March
April
May
June
July
August
September
October
November
December
2025
2025
2026
2027
SunMonTueWedThuFriSat
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
00:00
00:30
01:00
01:30
02:00
02:30
03:00
03:30
04:00
04:30
05:00
05:30
06:00
06:30
07:00
07:30
08:00
08:30
09:00
09:30
10:00
10:30
11:00
11:30
12:00
12:30
13:00
13:30
14:00
14:30
15:00
15:30
16:00
16:30
17:00
17:30
18:00
18:30
19:00
19:30
20:00
20:30
21:00
21:30
22:00
22:30
23:00
23:30