The Islamic Financial Services Industry (IFSI) has exhibited remarkable vitality, with assets reaching USD 3.38 trillion in 2023, marking a year-on-year (YoY) growth of 4%. This achievement is particularly noteworthy given the backdrop of challenging economic conditions, including inflation and geopolitical tensions affecting markets worldwide. The data presented in the 2024 IFSB report underscores the sector’s resilience and ongoing expansion, indicating a robust trajectory ahead.
