Qatar is the fifth largest Islamic finance market in the world with assets valued at QR656bn, growing at 3.3% on an annualised basis, according to Bait Al-Mashura Journal, published by Bait Al-Mashura Financial Consultations Company.

"The estimates indicate that Islamic banks are expanding all over the world and witnessing an increase in their market share and demand for their innovative financial products. Takaful insurance companies and Islamic investment firms are also experiencing significant growth worldwide," said Dr Khalid bin Ibrahim al-Sulaiti, Editor-in-Chief of Bait Al-Mashura magazine and Vice-Chairman of Bait Al-Mashura Financial Consultations Company.

Bait Al-Mashura Journal was ranked first in the Arab world for the specialisation of “Islamic Economics and Finance” among “19” Arab countries and more than “1500”scientific and research institutions. The rank was awarded by the Arab Citation and Impact Factor (ARCIF), for the year 2024.

It was classified in the first quartile (Q1), which is the top quadrant for the field. It also obtained an impact factor of (0.5926) and succeeded in achieving the accreditation criteria of the (ARCIF) factor, by meeting the 32 global standards required by ARCIF, which aligns with the international benchmarks.

The ARCIF database collects, studies and analyses data from thousands of titles of Arab scientific and research journals in various disciplines, while the Supervisory and Coordination Council for the ARCIF Impact Factor consists of representatives of several Arab and international entities, namely: UNESCO Regional Office for Education in the Arab States in Beirut, United Nations Commission for Western Asia (ESCWA), Bibliotheca Alexandrina, and the Knowledge Database of the Association of Special Libraries - Gulf Branch.