ALHUDA Centre of Islamic Banking and Economics (CIBE) has projected a promising outlook for the Islamic finance industry in 2025, with assets anticipated to surpass $5 trillion, as per a press release.

Market factors such as rising demand for financial inclusion, sustainable financing, and innovation in Islamic financial products have created a favourable environment for accelerated growth in this segment.

Muhammad Zubair, CEO of AlHuda CIBE, emphasised the bright future of the industry, stating, `Islamic finance has entered a transformative phase, driven by innovation, inclusivity, and sustainability. The $5tr milestone in 2025 reflects the sector`s critical role in fostering global economic resilience and financial inclusion.

`Key contributors include the strong growth of Islamic banking in the Gulf Cooperation Council, the expansion of the sukuk market, and the rise of Islamic fintech, which is shaping the digital and ethical future of finance.`•