Islamic finance has experienced a period of significant growth and transformation in recent years driven by a combination of factors, which include robust commodity prices, strong economic growth in core markets, and genuine investor demand with total assets reaching approximately USD 2 trillion. The resilience of Islamic finance against global headwinds is noteworthy, with Shariah-compliant assets consistently outperforming their conventional counterparts.

Moreover, the Islamic finance industry is positioning itself towards for further growth, with advancements in standardisation of contracts and integration of environmental, social, and governance (ESG) values, reinforcing the industry's commitment to both sustainable development and ethical and responsible investing. In addition, stakeholders in various jurisdictions are proactively encouraging the development of Islamic finance to improve financial inclusion, recognising this sector’s potential to contribute to economic development.

Clearly, the global Islamic finance landscape remains resilient and dynamic, poised for further growth as it further integrates into the global financial system, while pioneering the development of Shariah-based financial products and services. Institutions are also creating better customer journeys, improving operations, and digitising core functions to serve clients more effectively and grow their business while staying aligned with Shariah principles.