World

Global Islamic finance assets forecast to reach $10.5tn by 2030, report says

Global Islamic finance assets are expected to reach $10.5 trillion by 2030, reflecting a significant growth from $6.5 trillion in 2025, driven by advancements in Islamic banking and sukuk issuance, particularly in emerging markets. The 2026 Islamic Finance Development Report indicates that Malaysia leads in the Islamic Finance Development Indicator, with overall industry growth supported by favorable policies and increasing market demand.