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UAE Advances as Islamic Finance Hub
The article confirms that the United Arab Emirates has strengthened its position as a global hub for Islamic finance and the halal industry, thanks to an integrated legislative, regulatory, and Sharia-compliant framework led by the Central Bank of the UAE. The sector’s assets have reached 1.4 trillion dirhams, and the UAE ranks third worldwide in the Islamic Finance Development Index for 2025, with 43 licensed Islamic financial institutions. The National Strategy for Islamic Finance 2025-2031 aims to reach assets valued at 2.56 trillion dirhams by 2031, by enhancing competitiveness and expanding global markets for halal products and services. Additionally, the strategy seeks to support the Islamic charitable sector, develop the halal industry through initiatives focused on export, innovation, and product development, as well as improving the work environment and transparency within charitable activities.
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