Islamic Banking Goes Mainstream: Global Assets to Reach $7.5 Trillion by 2028, Driven by Corporate Sukuk and Digital Innovation
Islamic banking is solidifying its position as a mainstream financial sector, with global assets expected to grow from over $5 trillion to $7.5 trillion by 2028. Corporate Sukuk, ESG-focused financing, and digital innovation are driving this growth, according to a Standard Chartered report.
Global Sukuk Market Hits Record $231 Billion in 2025, Fitch Reports 21% YoY Growth
Fitch Ratings reports that global sukuk issuance surged 21% year-on-year in Q3 2025 to $231 billion, driven by strong investor demand, stable credit quality, and rising ESG-compliant instruments. The Middle East continues to lead the market, with the US dollar dominating issuance.