The Islamic financial sector in the GCC is expected to grow in 2025, despite global instability. The sector aims to maintain a stable foundation and become a key driver of economic reforms in the Arab Gulf states. This is reflected in the increasing role of Islamic financial instruments in the sovereign Sukuk market of the Cooperation Council of Arab Gulf States (GCC). At the same time, published in the framework of the annual conference, the key role of Islamic financial instruments in the sovereign Sukuk market of the Cooperation Council of Arab Gulf States (GCC) is emphasized. In 2024, its volume grew by 10.6%, and outstanding Sukuk (bonds) in the Islamic markets (sukuk) increased by one trillion dollars for the first time in history. These indicators confirm the position of the sector as one of the most dynamically developing in the world.
According to a report by the rating agency S&P Global and the Dubai Financial Services Authority (DFSA), experts assessed the prospects for the development of the sector. "We create a stable, supporting environment for innovative solutions, and introduce advanced technologies," said the head of the Dubai Financial Services Authority (DFSA), Ali Al-Zarouni, who noted that the center will support innovation and digitization in the Islamic financial sector.
According to the regional director of S&P Global, Hadi Malki, the growth of the sector was influenced by the increase in banking activities and the active Sukuk market. "Islamic finance demonstrates stable growth, not dependent on global instability," he noted.
The conference serves as a platform for discussing and exploring opportunities that will lead to closer integration and digitization of economies.
