Islamic Banking's Global Expansion: Growth Beyond the GCC — TGB Intelligence Report Q3 2024
TGB Archive25 September 202421 min readBy TGB Editorial Team
Coverage: Q3 2024 · Information to 25 September 2024
TGB Quarterly Thematic Intelligence Report · 25 September 2024
Outside the Gulf, Islamic banking is gaining ground where supervisors and sovereign issuers are building it into the core of the system: Islamic lenders held 45.6% of Malaysian financing in 2023, Pakistan's Islamic banks took 23.2% of deposits, and Indonesia's Islamic banking market share rose to 7.44%.
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