Dubai: The UAE Islamic Finance and Halal Industry Strategy aims to generate Dhs2.56 trillion in local Islamic finance assets by 2031. Islamic banking assets in the country reached Dhs1.4 trillion in June 2026, with 43 licensed Islamic financial institutions functioning, and the UAE was placed third globally in the 2025 Islamic Finance Development Indicator.
Al Masraf, in collaboration with the UAE Banks Federation, concluded its inaugural conference on “The Role of Financial Institutions in Implementing the UAE Islamic Finance and Halal Industry Strategy 2025 – 2031,” which was held at the Grand Hyatt Dubai and themed “From Legislation to Growth and Innovation.”
The conference intended to bolster the UAE’s position as a major global hub for Islamic finance, promote the UAE Strategy for Islamic Finance and the Halal Industry, and define the role of financial institutions in supporting and executing it both locally and globally.
The conference aimed to translate legislative and strategic frameworks into practical tools and initiatives in financing, investment, sukuk, technology, governance, and cash waqf to help implement the Strategy and strengthen integration between Islamic finance and the halal industry.
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