Qatar's Islamic finance sector is experiencing remarkable growth, according to the Qatar Islamic Finance Report 2025. The report was revealed at the QFC Islamic Finance Forum jointly hosted by Qatar Financial Centre and London Stock Exchange Group (LESG). The sector's assets reached a staggering QR 694 billion by the end of 2024, with Islamic banking and Sukuk dominating, accounting for 97% of the total.

Here are the key highlights:

• Islamic Banking Boom: Islamic banking assets surged to QR 586 billion in 2024, showcasing an impressive 6.8% compound annual growth rate (CAGR) since 2020, surpassing conventional banks.
• Sukuk Surge: Sukuk issuance by Qatari entities more than tripled, jumping from QR 9.2 billion in 2020 to a substantial QR 30.4 billion in 2024.
• FinTech Flourishes: Islamic FinTech transaction volumes have tripled, reaching nearly QR 10 billion in 2024, and are projected to maintain a 10% CAGR through 2028.

This robust expansion underscores Qatar's commitment to Islamic finance and its growing prominence on the global stage. The sector's alignment with the Qatar Financial Sector Strategic Plan further solidifies its future growth trajectory.