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

• 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
• The Strategic Value of Halal Tourism For the Maldives, developing halal-friendly destinations is more than an economic opportunity. The Arrival
• Several multi-country risk-sharing pools already exist across the globe, including the Caribbean Catastrophe Risk Insurance Facility, the Pacific Catastrophe Risk Assessment and Financing Initiative, as well as the Southeast Asia Disaster Risk Insurance Facility. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Transparent data and smart risk-sharing tools are essential for mobilizing institutional investment. IFC Review
• The EU has begun striking deals under a pioneering risk-sharing scheme for the export credit sector, agreeing to backstop Danish exports to Ukraine and unveiling plans to support a dozen more member states. Global Trade Review (GTR)
• More restaurants across Hong Kong will take advantage of the opportunity to become Halal-certified. Travel And Tour World
• As more eateries in Hong Kong receive Halal accreditation, Muslim visitors will have a wider range of dining choices, enhancing their overall travel experience. Travel And Tour World

Last updated: 27 November 2025