Market Size Estimates for 2024

Based on data and calculations, we estimate key metrics for the tokenized Islamic finance market to provide an overview of the potential scale that Equal can capture.

1. Total Addressable Market (TAM)

   • Represents the total Islamic financial assets that could be tokenized.
   • Lower Bound (20%): $900 billion
   • Upper Bound (30%): $1.35 trillion

2. Serviceable Available Market (SAM)

   • Portion of TAM that can be realized through digital and tokenized solutions.
   • Lower Bound (10%): $90 billion
   • Upper Bound (15%): $202.5 billion

3. Potential Available Market (PAM)

   • Estimates potential market growth considering the adoption of digital solutions.
   • Lower Bound (20%): $180 billion
   • Upper Bound (25%): $337.5 billion

4. Share of Market (SOM) for Equal

   • Market share that Equal can capture.
   • Lower Bound (0.5%): $450 million
   • Upper Bound (2%): $4.05 billion

Conclusion

The market for tokenized Islamic financial instruments in 2024 presents significant growth opportunities. With TAM ranging from $900 billion to $1.35 trillion, Equal is well-positioned to tap into a substantial portion of the market by providing innovative, Sharia-compliant tokenization solutions.