UAE launches a bold country approach to strengthen its leadership Islamic finance And the Halal Industry, strengthening the view of economic recognition and global competition.
Supported by government policies and ready-prepared regulatory environments, UAE rapidly developed in a global powerhouse for Compariant Finance Finance and Halal-certified commerce.
The new unaware of national strategy seeks to establish an integrated ecosystem consisting of Islamic Banking, Sukuk (Islamic Services), Sukuk (Islamic Financial)
UAE Islamic Finance
Data from Central Bank of the UAE of February 2025 reveals that Islam banks conducted 18 per cent of total banking properties and 22.8 percent of the National Banking System.
The Islamic Sukuk market also experiences major growths, which are targeted at 2023 launches Dirham-denominated Islam in UAE Sukuk (T-Sukuk).
NASDAQ Dubai hosts over $ 95.7bn at the Sukuk listed, building United Arab Emirates as one of the world’s largest centers for Sharia instruments.
JAMAL SALEH, Director-General SA UAE Banks Federation (UBF)It is noted that the strategy plotes ambitious purposes to increase Islamic role in Islam, in regional, and international.
Thanks highlights the successful UAE development of the financial systems that empower the Islamic bank sector as part of the country’s wider agenda.
He referred to an important step in Islamic banking, suguised issues, and wider financial Shararia.
Until February 2025, the credit of Islamic banks are given to AED503.5bn ($ 137bn), showing a 16 percent year-of-year increase in year. Deposits grow faster, reach AED595.3BN ($ 162bn), up to 16.9 percent.
UAE Halal Industry
In paramount, UAE has entered ambitions to be a global halal production and export hub. Under the new principal plan, Halal export is expected to rise from AED74BN ($ 20bn) to AED315BN ($ 86bn) by 2031.
Salem Lootah, chairman of UAE food groups and drinks, says strategy is a landmark step to establish the United Arab Emirates central production center.
He emphasized the growing interests of the local manufacturer of expanding this important sector, especially the global demand for products in Halal.
According to Bonafide Research, the United Arab Emirates’ Halal Food and Beverage Market is expected to exceed $ 3129, reflecting moral consumer and dietary patterns.
The country’s geographical position continues to increase its influence on global trade and tourism. The strategic advantage is the center of the ability to persuade investors, consumers, and manufacturers, which strengthened the country’s condition for a leading Islamic and Halal Commerce finance.
