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Standard Chartered: "Global Islamic Finance Assets to Surpass USD 7.5 Trillion by 2028"

36% asset growth over next four years as Islamic Banking enters new phase

News Desk
May 20, 2025
Standard Chartered: "Global Islamic Finance Assets to Surpass USD 7.5  Trillion by 2028"
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20 MAY 2025, Karachi, Pakistan: Standard Chartered today released its comprehensive report "Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts." The report projects global Islamic finance assets will reach USD7.5 trillion by 2028, up from USD5.5 trillion in 2024, reflecting the expanding relevance of Shariah-compliant finance globally.
In 2024, the Islamic finance industry surpassed USD5 trillion in global assets — a 12% rise from 2023 and 43% increase from 2020. Islamic banking accounts for over 70% of total Islamic finance assets, and assets projected to grow from USD4 trillion in 2024 to USD5.2 trillion by 2028. The Sukuk market is expected to expand from USD971 billion to USD1.5 trillion during this period.
Khurram Hilal, CEO of Group Islamic Banking at Standard Chartered, said: “Islamic finance is entering a new era defined by scale, sustainability and strategic integration. The projected 36% increase in assets reflects strong fundamentals and global appetite for ethical and inclusive finance.”
The report provides financial institutions with insights covering the Islamic finance landscape and insights from the "Pulse of Islamic Banking" client survey 2025. It examines growth drivers, regulatory developments, and market expansion opportunities, whilst addressing challenges in regulation, liquidity, and risk management. It also explores market oversight frameworks, innovation pathways, and ESG integration, supplemented by market spotlights featuring real-world solution case studies.
Khurram concluded: “Fostering innovation, strengthened market connectivity, and sustainability will unlock the greatest opportunities in the future of Islamic finance.”
As the only international bank with a global Islamic banking franchise, Standard Chartered Saadiq, the Bank offers Shariah-compliant solutions to financial institution, corporates, wealth, retail and private banking client segments in over 25 countries.
To access the complete report, visit https://www.sc.com/en/corporate-investment-banking/islamic- banking/campaign-2.

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