In its latest report on the African sukuk market, the credit rating agency said outstanding African sukuk crossed USD 7 billion in August, up 16% year-on-year.

Fitch said that sukuk is becoming a new way for some African governments to get funding, helping them to move away from traditional loans and attract interest from banks and investment funds in the GCC and Africa.

Egypt accounts for 48% of Africa’s outstanding sukuk, making it by far the continent’s largest market, supported by regulatory reforms and closer economic ties with the GCC. Around USD 1 billion of African sukuk has been issued so far in 2026, mainly by Benin and Egypt, a sharp slowdown compared with the USD 3.3 billion issued across the full year in 2025.

The decline in fresh issuance this year underscores how heavily the market still depends on a narrow group of sovereigns that are both willing and able to access the instrument. Fitch noted that enabling regulation for sukuk remains absent in most African countries, leaving a legal and structural vacuum that discourages new entrants.

Domestic Islamic financial institutions, which typically serve as both key investors and potential issuers in more established sukuk markets, are either small or non-existent across much of the continent.

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Uzbekistan’s high yields and strong fundamentals make the landlocked Central Asian nation a preferred credit for many emerging market investors.

In June this year, Moody’s upgraded Uzbekistan a notch from Ba3 to Ba2 with a stable outlook due to “sustained improvements” in the country’s institutional and policy framework.

“These developments indicate increasing policy effectiveness and have enhanced the country’s resilience to external shocks,” said Moody’s back then.

The sovereign witnessed another positive rating action in June when Fitch and S&P upgraded their outlooks from stable to positive while maintaining their BB ratings.

Simultaneously, the government, on August 12, held a press conference on a new draft law named “On the Capital Market.” The bill provides for expanding the range of financial instruments, developing market infrastructure, and improving state regulation.

The event was attended by Saibjan Khudaiberdiyev, Head of the Capital Market Development Department; Saulat Toreshov, Head of the Capital Market Regulation Department; and Valeriy Lee, Head of the Capital Market Ecosystem Development and Regulatory Innovation Division.

The objectives of the new draft law include attracting global depositories to the Central Asian nation’s national stock market, apart from adopting a new regulation in cooperation with international financial institutions.

According to the government data, the volume of share issuances in Uzbekistan increased from 189.7 trillion soums in 2023 to 265.1 trillion soums in 2025, reaching 269.4 trillion soums by July 1, 2026. Over the same period, the volume of corporate bond issuances grew from 1.06 trillion to 3.93 trillion soums, exceeding 7 trillion soums.

Total trading volume on the stock exchange increased nearly sixfold from 2023 to 2025, rising from 2.9 trillion to 17.6 trillion soums.

The draft of the new law consists of 16 chapters and 123 articles. During its preparation, current legislation was reviewed, taking into account modern market requirements and international practice. The EBRD, IFC, ADB, Islamic Development Bank, UNDP, IOSCO, US Department of Commerce, and SEC participated in the development, alongside state bodies, professional market participants, and representatives of market infrastructure.

The bill, expanding the list of financial instruments, provides for the introduction of options, swaps, futures, forwards, and contracts for difference. It also proposes to regulate covered bonds, securitized bonds, sustainable development bonds, and sukuk securities.

Sukuk gets special attention in the draft law, reflecting Uzbekistan’s Islamic finance push.

The bill provides for legal regulation of the issuance and circulation of sukuk, including partnership, ijara, trade, and agency types. To protect investors’ rights, the draft law has also proposed the introduction of the institution of a representative of sukuk holders and a special mechanism to confirm the compliance of transactions with Islamic finance standards.

The bill also aims to enhance capital market infrastructure by proposing the licensing of custodial activities and central counterparty operations. Additionally, it seeks to expand the powers of the Central Securities Depository and introduce self-regulatory organizations along with a representative for bondholders.

Meanwhile, Uzbekistan’s soum-denominated international bonds are set to be added to JP Morgan’s Government Bond Index (GBI-EM) for local currencies.

The inclusion will be effective from September 30, 2026. It will be the only CIS country that has its local currency sovereign bonds included in the index.

Uzbekistan is a regular issuer of local currency Eurobonds. Earlier in 2026, the sovereign printed S12.194 trillion (USD 1 billion equivalent) through a three-year 144A/Reg S bond offering. That deal was not only the biggest single-tranche issuance by Uzbekistan in the Eurobond market. It was also the largest local currency transaction across CEEMEA in the past 15 years.

There was strong demand for the deal, given the high yield and strong performance of the Uzbekistani soum versus the US dollar. Books reached over S19.5 trillion, and the deal is priced at 12.25%.

“Inclusion in the GBI-EM Index signals growing confidence among international investors in Uzbekistan’s economy and is expected to help broaden the investor base and lower borrowing costs when raising funds from external sources,” said the Central Asian country’s Ministry of Economy and Finance.

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The report, titled “The Islamic Finance Connector Era,” finds that Islamic finance assets grew 13% in 2025 alone, with the sector now spanning close to 100 jurisdictions. Sukuk outstanding stood at USD 1 trillion in 2025, while Islamic banking remains systemically important in 15 countries, according to LSEG analysis based on the Islamic Finance Development Indicator cited in the report.

Standard Chartered argues that the next phase of expansion will be defined less by how much capital is available and more by how effectively institutions can move that capital across borders.

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The Anwar Ibrahim government sold Islamic securities, or sukuk, in two parts to help fund projects, including infrastructure, as well as refinance existing obligations. It priced a USD 850 million note due in April 2032 to yield 4.612% and sold a USD 650 million tranche maturing in July 2036 to yield 4.949%.

As per the Malaysia government, the bonds were 4.7 times oversubscribed, with the strong demand allowing the Southeast Asian nation to tighten final pricing by 30 basis points from the initial price, recording the tightest ever spreads for the country’s global sukuk offerings.

“The strong oversubscription with the tightest ever spread reflects global investors’ continued confidence in Malaysia’s economic prospects and policy credibility,” Second Finance Minister Amir Hamzah Azizan said on July 24.

While Malaysia’s economic growth has surpassed expectations in recent quarters due to tailwinds like robust domestic demand, a surge in semiconductor-related investments, and artificial intelligence (AI) and electronics exports, the fuel subsidy bill will test the nation’s resilience amid the ongoing Iran war.

On July 15, Deputy Finance Minister Liew Chin Tong said that Malaysia’s fuel subsidy expenditure may reach nearly RM40 billion in 2026 if the current geopolitical volatility, along with the oil market conditions, remains.

As per Liew, the Ibrahim government spent almost RM800 million a month on RON95 (grade of petrol with a Research Octane Number of 95) and diesel subsidies in January and February 2026 before the amount surged to around RM5 billion monthly in March and April following the escalation in the Gulf region.

While the subsidy costs moderated to around RM4 billion in May and June as oil prices eased, the administration now expects petroleum product subsidies to total close to RM40 billion for the remainder of the year, depending on the geopolitical developments.

GDP rose 5.8% in the three months through June from a year earlier, beating analysts’ expectations. Apart from the Iran war, the nation will face uncertainties on the trade front as well, with the Donald Trump administration looking to collect new levies from most major trading partners while rebuilding Washington’s tariff warfare mechanisms.

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“The financing will build the Labe-Banti-Tougue-Bafing River axis, a route listed in Guinea’s transport infrastructure development plan. The works also cover the Banti-Koubia spur and a bridge over the Bafing River,” said the Bank of Africa.

Bank of Africa United Kingdom PLC, the group’s London-based subsidiary, led the operation as global coordinator and mandated lead arranger, assembling a group of international financial institutions.

The signing ceremony, that took place on Wednesday (July 23) in Conakry (capital of Guinea), saw the presence of high-profile personalities like Said Adren, executive director of Bank of Africa United Kingdom PLC, Zineb Tamtaoui, executive director of Bank of Africa Dubai, Guinea’s Minister of Economy, Finance and Budget, Mariama Cire Sylla, Infrastructure and Public Works Minister Facinet Sylla, and Moroccan Ambassador to Guinea Issam Taib.

The loan structure, as per the officials, pairs conventional financing with an Islamic Murabaha tranche, apart from carrying partial cover from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IsDB). Murabaha is a cost-plus sale arrangement used in place of interest-bearing lending.

Taib extended his wishes to the Guinean government and expressed pride in seeing African institutions mobilize medium- and long-term capital of “vital importance” for the continent.

Khalid Nasr, executive managing director for Morocco and corporate and investment banking at Bank of Africa, described the transaction as confirmation of the group’s position among African players “structuring complex financings for large infrastructure projects.” He also tied the transaction to the bank’s capacity to combine conventional and Islamic finance for African economies with growing development needs.

Talking about the 160-kilometer road project, Guinea’s Ministry of Economy terms the initiative as a structuring one under the Simandou 2040 development program. The Compagnie Sahelienne des Entreprises (CSE) will carry out the works. It has already committed to contractual deadlines and international quality standards.

“The northern corridor has never had a fully paved modern road link since independence. The ministry expects the axis to connect production basins to national and regional markets, reduce transport costs, and ease the movement of people and goods,” said Mariama Cire Sylla.

Called the project “a structuring investment” for economic and social development, the official linked it to the strategic vision of President Mamadi Doumbouya.

For Cire Sylla, the agreement represents more than a financing deal, as she described it as “a Guinea resolutely turned toward the future,” while expressing hope that the partnership with Bank of Africa UK and ICIEC would be the first step in a broader cooperation.

Facinet Sylla, who cited a figure of 300 million euro in the government’s own account of the deal, said the mobilization shows Guinea is “attractive and competitive,” with every franc invested feeding growth, GDP, and public finances.

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As per Bashar Al Natoor, managing director and global head of Islamic Finance at Fitch Ratings, the Southeast Asian country has remained a unique “local story” that has successfully buffered itself against external shocks, including geopolitical volatility.

“During the crisis, the Gulf Cooperation Council (GCC) debt markets saw minimal dollar issuances, rising yields, and tighter liquidity, while Malaysia’s market remained resilient with steady foreign investor participation, growing non-sovereign issuance, and innovations like tokenized sukuk, supported by strong ringgit stability and regulatory development. It’s impacted by its own local story,” the senior official told the StarBiz.

Al Natoor expects a resilient debt capital market that will continue to expand as envisioned in Malaysia’s local Capital Market Master Plan (2026 to 2030). Fitch also predicts the nation’s debt capital market (DCM) to expand modestly to reach USD 640 billion outstanding by the 2026-end.

“This growth is anchored by a deep domestic investor base, stable yields, and the ringgit’s performance as one of Asia’s most resilient currencies. Unlike the GCC, where US dollar issuances were scarce during the height of the conflict, activity in the Malaysian market continued almost as normal,” the ratings agency remarked.

“A key trend for the remainder of 2026 is the strategic shift from sovereign to non-sovereign debt. While the Malaysian government is engaging in fiscal consolidation, aiming to reduce federal debt to 60% of GDP by 2030, the private sector is picking up the mantle as well. Non-sovereign issuance rose by 17% year-on-year in the first five months of 2026, accounting for 68% of total DCM activity,” said Bashar, terming the transition a sign of market maturity.

“We expect more non-sovereign to go and issue into the market, and I think that stands out,” he stated, noting that corporate and bank issuers are increasingly defining the market’s trajectory.

“Banks remain the largest non-sovereign contributors, often using sukuk for refinancing and opportunistic funding. The local Islamic banking sector, meanwhile, continues to outpace conventional growth. Islamic banking assets grew by 7% to reach USD 312 billion by the end of 2025, while conventional assets grew by only 4%,” Fitch said further.

Talking about the growth of the Islamic financial ecosystem in Malaysia, the industry now represents 44% of the Southeast Asian country’s total system loans, nearing the Anwar Ibrahim government’s 50% target.

Bashar attributed this success to the most “evolved ecosystem” in the world, which integrates issuers, investors, takaful (Islamic insurance), haj funds, and pension funds like the Employees Provident Fund (EPF) into a cohesive syariah-compliant framework.

“Malaysia has cemented its position as the world’s largest environmental, social, and governance (ESG) sukuk market, holding a 31.6% share of global outstanding ESG sukuk as of mid-2026. ESG-linked debt in the country rose by 44% to USD 20 billion, heavily supported by government tax incentives. Sukuk remains the dominant vehicle for these sustainable investments, accounting for 94% of total ESG debt issuance,” Fitch noted.

Malaysia is also taking a lead role in terms of innovating in the industry. The Southeast Asian nation saw its first tokenized sukuk issuance in the first half of FY 2026. New regulations for private debt will likely further enable this niche.

Bashar, however, warned the use of technology could present a challenge for Malaysia’s Islamic financial ecosystem, as technological advancements are vital for maintaining a competitive edge.

“While the Islamic capital market is domestic-centric, foreign interest remains stable. Foreign holdings of government debt stood at 21.6% at the end of the first quarter of financial year 2026, a high figure compared to other Organization of Islamic Cooperation countries,” he told the StarBiz.

To further attract international capital, particularly from the GCC, the Anwar Ibrahim government plans to launch its first wakalah bi al-khadamat sukuk in 2026. This will bridge the gap between Malaysian and GCC syariah interpretations, potentially opening new inflows of Middle Eastern investments into the Southeast Asian nations.

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The Forum brought together distinguished policymakers, regulators, development practitioners, and industry leaders with the goal of exploring how Islamic finance can foster sustainable prosperity and address development challenges across the IsDB’s member countries.

“Aligned with the broader annual meeting’s theme, Regional Integration for Sustainable Prosperity, the Forum examined how countries and institutions can leverage Islamic finance to deepen regional integration, enhance economic resilience, and promote inclusive growth across IsDB member countries,” IsDB said in a statement.

In his keynote speech, Mr Taleh Kazimov, Governor of the Central Bank of the Republic of Azerbaijan, reaffirmed the transcontinental country’s commitment to contributing to the future development of the Islamic finance ecosystem, highlighting the nation’s role as a reformer and a bridge between regions and markets. He emphasised the importance of a clear strategic vision in shaping future growth and cooperation.

Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, in a keynote speech on behalf of the IsDB Group, said, “Islamic finance should not be viewed merely as an alternative set of financial contracts or a niche segment of the global financial industry, but rather as a values-driven development paradigm that reconnects finance with the real economy, productive activity, shared prosperity, and social well-being.”

In his opening remarks, Dr Sami Al-Suwailem, Acting Director General of the IsDB Institute, highlighted the IsDB Group’s significant contribution to the development of the global Islamic finance industry, now valued at approximately USD 4-5 trillion. He also underscored the importance of innovation in maintaining the leadership of the IsDB Group and ensuring the industry remains relevant while consistently contributing to sustainable development.

The event also saw the launch of a new report titled “Islamic Finance in Azerbaijan: Breaking New Ground”, jointly produced by IsDBI and ITFC, along with other flagship publications. Apart from that, IsDBI (Islamic Development Bank Institute) also announced a memorandum of understanding (MoU) with the Labuan Financial Services Authority to explore the “Awqaf Free Zones” flagship project. Among the two high-level panel discussions focusing on Islamic finance and development, the first one explored how Islamic finance can help countries overcome structural development challenges and achieve sustainable economic transformation.

Speakers included Mr Shahin Aydin Mahmudzade, Executive Director, Central Bank of Azerbaijan; Mr Adnan Zaylani, Deputy Governor, Bank Negara Malaysia; Ms Mihoko Kumamoto, Director, Division for Prosperity, UNITAR; Dr Bambang Brodjonegoro, Dean, Asian Development Bank Institute; and Dr Areef Suleman, Chief Economist, ISDB Group. The session was moderated by Mr Mustafa Adil, Head of Islamic Finance, London Stock Exchange Group.

“The second session examined practical approaches to mobilising sustainable finance in support of food and energy security, drawing on insights from member countries and partner institutions. Speakers included Mr Valeh Alasgarov, Chairman of the Board, AFEZ Authority, Azerbaijan; Dr Mansur Muhtar, Chairman of the Board, Bank of Industry, Nigeria; Professor Emeritus Dato’ Dr Azmi Omar, President & CEO, INCEIF University; and Mr Orkhan Vidadi oglu Mammadov, Chairman, Small and Medium Business Development Agency of Azerbaijan (KOBIA). The session was moderated by Mr Yahya Rehman, Associate Manager, IsDBI,” IsDB stated further.

Before concluding, the Forum identified key priority areas for future collaboration, including scaling innovative Islamic finance instruments, strengthening institutional partnerships, and enhancing capacity development initiatives. It also reinforced the role of the IsDB Institute as a key partner in advancing practical, innovative solutions that support sustainable development and regional integration within the framework of Islamic finance.

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KFH Capital achieved landmark transactions across Kuwait, Qatar, and the UAE, including the world’s first Tier‑2 Sustainability Sukuk. The business transformed from a paper‑based company to the one initiating fully automated, traceable workflows in the Islamic Financial landscape, by combining technical structuring expertise with a firm commitment to ESG (Environmental, Social, and Governance) principles and digital modernisation.

These efforts saw the venture getting recognised with the honours of being the “Best Green Sukuk Structuring – Kuwait 2025” and “Best Digital Transformation in Financial Services – Kuwait 2025,” at the recently concluded International Finance Awards, reflecting the company’s ability to lead on two critical fronts: sustainability and innovation.

KFH Capital is among the largest participants in the global Sukuk issuance market, consistently attracting robust international demand and achieving oversubscriptions that signal deep investor confidence. In 2021, the company coordinated the Kuveyt Turk Katılım Bankası USD 350 million Tier‑II Sustainability Sukuk—the first of its kind globally and the first sustainability Sukuk from an Islamic financial institution. The issuance was oversubscribed nearly 12x, setting a new precedent for ESG‑aligned Islamic Finance.

Landmark Sustainable Transactions
Between 2024 and 2025, KFH Capital played active roles across six sustainable transactions in Kuwait, Qatar, and the UAE, totalling USD 3.8 billion. With Qatar International Islamic Bank, the company got the first sustainable Sukuk listed on the London Stock Exchange. The collaboration with the Dubai Islamic Bank resulted in the creation of KFH Capital’s pioneering sustainability‑linked Sukuk.

Warba Bank launched its first sustainable Sukuk from Kuwait. Additionally, partnering with Aldar Investment Properties led KFH Capital to issue an “Oversubscribed Green Sukuk,” reinforcing net-zero commitments.

In each case, KFH Capital served as joint lead manager and bookrunner, showcasing capabilities in structuring, marketing, and delivering complex, first‑of‑a‑kind deals. The company’s repeat activity underscores reliability and strategic importance in connecting MENA capital with global sustainability demand.

Strategy And Principles
In tandem with its sustainable finance achievements, KFH Capital executed a sweeping digital transformation, migrating from fragmented, paper‑based systems to fully automated, end‑to‑end processes. The impact was immediate, as the client onboarding times got compressed from days to minutes. Operational error rates, on the other hand, fell to near zero, while scalability improved without additional manpower.

KFH Capital’s digital transformation strategy rested upon four principles: customer‑designed journeys, automation of repeatable tasks, full traceability at every stage and system integrability across the estate.

Rejecting one‑size‑fits‑all ERP models, KFH Capital built a tailored digital ecosystem aligned to the company’s culture and client needs. Embedded teams mapped workflows, challenged legacy policies, and prototyped solutions with exacting user‑experience standards. Key initiatives included digitised onboarding, workflow‑based controls to eliminate errors, and transparent performance monitoring.

The outcomes were not limited to efficiency gains—they strengthened governance, compliance, and auditability, ensuring that controls scale alongside growth. Looking ahead, KFH Capital’s roadmap focuses on expanding automation, self‑service capabilities, and data‑driven decision‑making, positioning the business as a reference model for modern services in the region.

By structuring landmark Sukuk issuances that advance ESG objectives and by executing a disciplined digital transformation programme, KFH Capital has demonstrated measurable impact and long-term scalability.

As global markets evolve, KFH Capital continues to set benchmarks in Islamic finance, combining technical expertise with strategic vision. Its achievements illustrate how disciplined execution and innovation can deliver value to clients, investors, and stakeholders, while positioning Kuwait as a hub for sustainable and modern financial services.

Image Courtesy: KFH Capital

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PUSD holds approximately USD 2.3 billion in circulating supply. Each token is backed 1:1 by reserves held in Saudi riyals and UAE dirhams, both of which are pegged to the US dollar. The stablecoin already operates on decentralised networks like Ethereum, BNB Chain, Solana and Tron. With the deployment on the ADI Chain, PUSD will be expanding the number of networks where institutions can access the token.

Talking about the ADI Chain, the latter was built as the settlement layer for a dirham-backed stablecoin jointly initiated by International Holding Company and First Abu Dhabi Bank. After the Central Bank of the UAE licensed that token, the chain’s infrastructure now supports both dollar-linked and dirham-denominated assets on the same platform.

The network, designed to support settlement corridors linking the Gulf, the broader Middle East, and parts of Africa, receives its transaction fees through its native token, PUSD. PUSD serves corporate treasuries, exchanges, and payment processors instead of individual users. It has been structured to give institutions operating under Shariah-compliant frameworks access to on-chain settlement without requiring them to use interest-bearing instruments.

Talking about the UAE’s crypto ecosystem, the Gulf major has developed a multi-layered regulatory framework for digital assets over the past two years. While the Central Bank and Abu Dhabi Global Market have each established separate rules covering stablecoins and virtual asset providers, several institutions have moved to launch dirham-pegged tokens under that framework.

“In December 2025, telecom operator e& signed an agreement with Al Maryah Community Bank to pilot a dirham-pegged stablecoin for consumer payments. RAKBank received in-principle approval from the central bank the following month to issue its own dirham-backed token, pending final regulatory and operational conditions. Universal Digital launched USDU in January, a US dollar-backed stablecoin registered under the UAE’s Payment Token Services Regulation and the first dollar-denominated token approved for payment use within that framework. The Financial Services Regulatory Authority has also granted operating approvals inside ADGM’s financial zone to Tether, Ripple USD, and Circle,” reported CMC Crypto News.

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As one of the UAE’s most established non-banking Islamic financial institutions, regulated by the Central Bank of the UAE and headquartered in Abu Dhabi, Siraj Finance has steadily built a reputation as a trusted, ethical, and customer-centric provider of Sharia-compliant financial services for individuals, SMEs, and corporate clients across the country.

A Commitment That Goes Beyond Compliance
At the heart of Siraj Finance’s identity is something that distinguishes the institution from many of its peers: a commitment to Islamic finance not merely as a regulatory framework, but as a genuine value proposition.

The organisation’s business strategy is anchored in transparency, integrity, and adherence to Sharia principles, not as constraints, but as competitive advantages that build lasting trust with clients in an increasingly discerning marketplace.

This philosophy has translated into consistent investment in operational modernisation, process enhancement, and customer experience improvement; initiatives that have measurably strengthened the institution’s ability to respond to evolving client needs while maintaining the ethical standards that define its brand.

Award-Winning Innovation
Siraj Finance’s commitment to innovation has not gone unnoticed. At the International Finance Awards (IFA) 2026, the institution was honoured with the title of “Most Innovative Non-Banking Islamic Finance Company,” a recognition it received for the eighth consecutive time.

This remarkable consistency reflects not a single transformative moment, but a sustained culture of innovation embedded across the organisation’s products, processes, and customer engagement model.

The award reinforces what clients and industry observers have long recognised: that Siraj Finance’s approach to digital transformation and customer-centric product design is setting a benchmark for Islamic financial institutions across the region.

Leadership That Drives Transformation
Much of the institution’s strategic momentum can be attributed to the vision and leadership of its Group Chief Executive Officer Mohamed Rusan Fyroze, a financial services veteran with over 33 years of experience spanning Retail, SME, Corporate Banking, Wealth Management, and Bancassurance.

Rusan’s leadership philosophy is grounded in a belief that sustainable institutional performance requires more than financial metrics. Throughout his career, he has consistently championed the alignment of strong profitability with employee empowerment, customer satisfaction, and ethical accountability, building high-performing teams that deliver results without compromising on values.

Under his guidance, Siraj Finance has executed transformative initiatives that have strengthened operational efficiency, enhanced profitability, and deepened customer engagement.

His ability to anticipate market trends, lead complex change management programmes, and translate strategic vision into measurable outcomes has positioned him as a respected and influential voice within the UAE’s financial services community.

Senior executives and leadership across the organisation have been widely featured in major regional publications and business journals, reflecting the institution’s growing influence on the broader financial conversation in the Middle East.

A Group Built for Diversified, Long-Term Value
Siraj Finance does not operate in isolation. It sits within an ecosystem of complementary businesses through its parent entities Siraj Holding LLC and Al Otaiba Group, two of the UAE’s established diversified business conglomerates.

Together, they span a broad portfolio of industries, including finance, insurance, oil and gas, fintech, healthcare, hospitality, manufacturing, telecommunications, consultancy, and investment management.

This diversification is more than a growth strategy. It creates meaningful operational synergies, enables cross-sector expertise to flow into Siraj Finance’s product development and risk management, and provides the institutional resilience that underpins long-term value creation across regional and international markets.

Supporting Financial Inclusion and the UAE’s Economic Vision
Looking ahead, Siraj Finance is sharpening its focus on financial inclusion, SME development, and economic diversification, three priorities that sit at the intersection of the institution’s own growth agenda, and the UAE’s broader long-term economic vision.

By developing increasingly flexible, accessible, and technology-enabled Islamic financial solutions, the organisation is actively supporting the growth of businesses and individuals that remain central to the country’s diversification journey.

In doing so, Siraj Finance is positioning itself not simply as a financial service provider, but as a strategic partner in the sustainable development of the UAE’s economy, one Sharia-compliant solution at a time.

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