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Islamic finance assets ‘to hit $7.5trln by 2028’
27 May 2025 | Tuesday Source: Zawya
Global Islamic finance assets will reach $7.5 trillion by 2028, up from $5.5trn in 2024, reflecting the rapid expansion and growing relevance of Shariah-compliant finance in global markets, says Standard Chartered’s new report on Islamic banking.
The report, titled ‘Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts’, confirms that in 2024, the Islamic finance industry surpassed a major milestone, reaching $5trn in global assets. This represents a 12 per cent rise from 2023 and a 43pc increase from 2020.
