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Treasury & Capital Markets
Islamic finance expected to grow at pace
Momentum builds, but industry must overcome challenges to reach full potential
Darryl Yu   20 May 2025
Despite ongoing economic uncertainties and geopolitical tensions, the Islamic finance industry is predicted to grow significantly in the coming years. That’s according to a recent Standard Chartered report, which expects the size of the market to reach US$7.9 trillion by 2028. The market was valued at around US$5.5 trillion last year, up 43% from 2020.
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