Top 10 Islamic fintech markets by size
The global Islamic fintech transaction volume was estimated at $198 billion in 2024/25 and is projected to reach $341 billion by 2029, representing a compound annual growth rate (CAGR) of 11.5%.
This compares favourably with the overall global fintech industry, which is expected to grow at a CAGR of approximately 11% over the same period.
In the past year, 16 countries recorded Islamic fintech transaction volumes exceeding $1 billion.
The top 10 countries by estimated transaction volume are Saudi Arabia, Iran, Malaysia, the United Arab Emirates, Indonesia, Kuwait, Türkiye, Bangladesh, Pakistan, and Qatar, according to the Global Islamic Fintech Report 2025/26.
To read the entire report, click here.
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