Islamic Finance Market Size$6T Today → $10T by 2029

Sector breakdown, geographic distribution, and growth drivers from LSEG 2025 data.

12 min read3,500+ words12 sections
$5.98T
2024 Assets
$9.7T
2029 Forecast
21%
2024 YoY Growth
72%
Top 3 Countries

Islamic Finance Market Size & Growth: 2010–2029

From $1 Trillion to $10 Trillion in Two Decades



Key Takeaways

  1. $5.98T in 2024 — Islamic finance assets grew 21% YoY, strongest since 2014
  2. $9.7T by 2029 — Official LSEG projection implies 10% CAGR
  3. 72% concentration — Indonesia, Iran, Saudi Arabia control three-quarters of global assets
  4. Sukuk hit $1T — Capital markets milestone reached in 2024


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Key Takeaways

  • 1$5.98T in 2024 — 21% YoY growth, strongest since 2014
  • 2$9.7T by 2029 — LSEG official projection, 10% CAGR
  • 372% concentration — Indonesia, Iran, Saudi Arabia dominate
  • 4Sukuk $1T milestone — Capital markets maturing rapidly

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    Islamic Finance Market Size & Growth 2024-2029 | $6T to $10T | Halal Terminal