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المشهد العربي
UAE Islamic finance hits 1.4 trillion dirhams
The economy in the UAE shows that Islamic financial assets have reached 1.4 trillion dirhams, making it the third-largest sector worldwide according to the Islamic Finance Development Indicator for last year. The UAE’s Strategy for Islamic Finance and the Halal Industry 2025-2031, announced by the Council of Ministers in May 2025, aims to increase the assets of local Islamic banks from 986 billion to 2.56 trillion dirhams, and the assets of foreign Islamic banks from 20 billion to 134 billion dirhams. The plan also seeks to boost the issuance of local sukuk from 206 billion to 660 billion dirhams, increase the value of listed global sukuk from 165 billion to 395 billion dirhams, and double the UAE’s share in the Halal products market from 74 billion to 315 billion dirhams, with the goal of sustainable development and expanding its regional and international presence in the sector.
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