The UAE Cabinet approved the UAE Strategy for Islamic Finance and Halal Industry, setting out a national plan to develop the Islamic financial sector, position the UAE as a centre for global Islamic finance activity and support growth in halal production and exports. The strategy’s targets include increasing Islamic bank assets from AED 986 billion to AED 2.56 trillion within six years, raising local sukuk issuances to AED 660 billion and increasing international sukuk listed in the UAE to AED 395 billion by 2031. Implementation will be overseen by a committee chaired by the Central Bank governor.
UAE Cabinet 2025-05-06
UAE Cabinet approves Islamic finance and halal industry strategy targeting AED2.56 trillion in Islamic bank assets and AED660 billion in sukuk by 2031
The UAE Cabinet approved the UAE Strategy for Islamic Finance and Halal Industry, aiming to develop the Islamic financial sector and position the UAE as a global hub. Targets include increasing Islamic bank assets to AED 2.56 trillion and raising sukuk issuances to AED 660 billion by 2031. Implementation will be overseen by a committee chaired by the Central Bank governor.