Islamic banks’ market share in Turkiye rises to 9.2%: Fitch Ratings

Islamic banks in Turkiye lifted their asset market share to 9.2 percent in 2025 from 8.1 percent a year earlier, as financing and deposits outpaced the broader banking sector, a new analysis showed. 

24 Feb 2026

Saudi Arabia, UAE, Kuwait, Qatar push global Islamic fintech toward $341bln

The global Islamic fintech market is forecast to reach $341 billion by 2029, driven by rising appetite for digital assets and robust activity in the Middle East.

24 Feb 2026

Fitch: ESG Sukuk Market to Top US$70 Billion by 2026

Global outstanding environmental, social, and governance (ESG) sukuk is projected to exceed US$70 billion by the end of 2026, driven largely by strong momentum in emerging markets, according to a new report by Fitch Ratings.

27 Jan 2026

ASEAN Islamic finance industry to cross $1t in 2026

ASEAN’s Islamic finance industry is expected to cross US$1t by end-2026, after reaching nearly $950b by the end of June 2025, according to estimates from Fitch Ratings.

20 Aug 2025

Türkiye–Malaysia Islamic Finance Forum Marks New Era of Strategic Cooperation

The Future of Islamic Finance Türkiye–Malaysia Business Forum was held in Istanbul with the participation of prominent figures from both countries' Islamic finance ecosystems. Hosted by the Investment and Finance Office in collaboration with the Malaysia International Islamic Financial Centre (MIFC) Leadership Council (MLC), the forum aimed to foster deeper sectoral cooperation between Türkiye and Malaysia in the field of Islamic finance.

22 Jul 2025

Uzbekistan, Malaysia join forces to advance Islamic finance regulation

Pru Life UK launches Islamic product

01 Jul 2025

Islamic banking consolidation accelerates across Gulf and South Asia

In Kuwait, Gulf Bank has initiated a feasibility study to assess the potential merger with Warba Bank, a prominent Islamic lender. This follows a proposal by Warba Bank, now a major shareholder in Gulf Bank, to combine the two entities into a single Shariah compliant institution. Warba’s 32.75% stake in Gulf Bank stems from its acquisition of Alghanim Trading Company. With both institutions offering complementary retail and investment banking services, the proposed merger is viewed as a strategic move to increase market share and expand Islamic banking operations. Gulf Bank, which manages over 50 branches in the country, is expected to notify regulators and seek approvals before engaging consultants to proceed with the merger evaluation.

01 Jul 2025

Malaysia Has Strong Potential To Expand In Central Asia, With Uzbekistan As Gateway

Malaysia has great potential to expand its market in Central Asia by further strengthening bilateral cooperation with Uzbekistan, which could serve as the best platform and gateway into the region , said Deputy Prime Minister Datuk Seri Fadillan Yusof.

30 Jun 2025

Turkiye to issue US dollar Sukuk

Islamic finance assets ‘to hit $7.5trln by 2028’

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.

27 May 2025

“19th Islamic Development Bank (IsDB) Global Forum on Islamic Finance” in Algiers Explores Digital Transformation and Financial Inclusion

The Islamic Development Bank Institute (IsDBI) successfully concluded the 19th IsDB Global Forum on Islamic Finance, held as part of the IsDB Group Annual Meetings in Algiers. The Forum, themed “Digital Transformation and Financial Inclusion in Islamic Finance,” convened global thought leaders, policymakers, development experts, and industry stakeholders to explore innovative strategies for advancing sustainable development through Islamic finance. 

21 May 2025