Top Islamic fintech markets globally

The Islamic fintech sector has gone from strength to strength, propelled by a combination of demographic shifts, regulatory reforms, and technological innovations.

The top six Organisation of Islamic Cooperation (OIC) fintech markets by transaction volume and assets under management for Islamic fintech are Saudi Arabia, Iran, Malaysia, UAE, Indonesia and Türkiye. 

Markets such as Saudi Arabia, Indonesia, Malaysia, the UAE and the UK have also emerged as leader hubs, but their future growth rate appears to be slowing.

Meanwhile, emerging jurisdictions show lower conduciveness to Islamic fintech but display relatively high growth potential at the domestic level in market size.

To download a copy of the Global Islamic Fintech Report 2024/25, click here.