Our Scans · (FS.1.04) Islamic Banking & Finance · Weekly Summary

• [New] Islamic finance assets reached US$ 5.98 trillion in 2024, a 21% year-on-year increase, and are projected to rise to US$ 9.7 trillion by 2029. TradingView
• [New] A new halal poultry processing plant to rise in Legazpi City will help boost food supply and tourism in the Philippines' Bicol region. aviNews
• Islamic banking is providing corporates with access to fast-growing trade corridors across the GCC, Southeast Asia, South Asia, and Africa - markets increasingly expecting or mandating Shariah-compliant finance. finews.asia
• Shanghai will explore risk-sharing mechanisms to support private equity firms in issuing technology innovation bonds. Morningstar, Inc.
• The global Islamic finance sector will grow by 36% between 2024 and 2028, with sukuk outstanding expected to surge 54.5% and Islamic banking by 30%. Fintechnews Middle East
• Johor is set to launch its Halal Advancement Plan 2030 in 2025, aiming to become the first Malaysian state with a comprehensive halal economic development framework. Salaam Gateway
• More than 15,000 vendors and manufacturers are expected to participate, catering to the growing global demand for halal products, driven by over 2 billion Muslims worldwide. Karbala International Agency
• Islamic banking provides strategic access to critical trade corridors and economies where Shariah-compliant finance is increasingly expected or mandated, particularly across the GCC, Southeast Asia, South Asia, and Africa. News of Bahrain
• However, a new Standard Chartered report Islamic Banking for Corporates: Broadening Horizons warns that a lack of familiarity is keeping companies from tapping into the $5.5 trillion pool of Islamic finance assets projected to reach $7.5 trillion by 2028. finews.asia
• Malaysia, already a top Muslim-friendly destination, is leveraging its rich multicultural heritage and robust halal ecosystem to host an event that could redefine regional tourism standards. The Halal Times
• Tools like Securities of Bank Indonesia, Islamic SRBI, and Sharia-compliant SUVBI have stabilized the rupiah, mitigating inflationary risks from currency depreciation. Indonesia Economy Watch
• Less than 3% of private climate finance in Africa is currently directed towards adaptation-highlighting a critical financing gap that must be closed through PPP leverage, concessional capital, and more effective risk-sharing mechanisms such as insurance and contingency planning. Global Center on Adaptation
• In the east, the Central Bank of the UAE plans to launch the Digital Dirham, its retail CBDC, in late 2025, while the Ruya Islamic Bank recently launched crypto that is aligned with Islamic laws. TronWeekly
• As demand for tailored financial solutions continues to grow, NAB's leadership in Islamic finance reflects its dedication to serving all communities, providing brokers with a valuable opportunity to tap into niche markets that are often overlooked by mainstream lenders. Business Research and Insights

Last updated: 11 December 2025