Standard Chartered Saadiq Aims to Double Islamic Finance Market to USD7.5 Trillion by 2028

Standard Chartered Saadiq, the Islamic banking arm of Standard Chartered, is leading the charge in expanding the Islamic finance market to USD7.5 trillion by 2028. This initiative is part of a broader strategy that emphasizes ethical innovation and Shariah-compliant banking practices to meet the growing demand for financial products that align with Islamic principles. The current market size is USD5.5 trillion, and the projected growth indicates a substantial increase in the demand for such products.

The growth of Islamic finance is driven by several key factors, including the rising global demand for ethical investment options and the expanding Muslim population. Standard Chartered Saadiq is at the forefront of this trend, offering a comprehensive range of Shariah-compliant financial services. These services include Islamic banking, Islamic insurance (Takaful), and Islamic investment products, all designed to comply with Islamic law and ethical standards. The bank's strategy is supported by a Global Shariah advisory committee and strong local supervisory boards, ensuring world-class assurance to clients.

Standard Chartered Saadiq's services cover everything from corporate financing to retail banking solutions, all rooted in compliance. The firm’s Shariah governance architecture enables the execution of wealth management, Islamic trade finance, and Sukuk with ease. This strategy affects Islamic banking centers in Africa, Southeast Asia, and the Gulf Cooperation Council, emphasizing the growing need for transparency and ethical investing. The research also highlights the increasing impact of global Sukuk issuance, Islamic wealth management solutions, Shariah-compliant banking expansion, and faith-aligned investing instruments on mainstream finance.

Another key component of Standard Chartered Saadiq's strategy is the incorporation of technology into moral banking solutions. By utilizing digital tools and localized innovation, Saadiq ensures its services are inclusive, flexible, and up to date. This includes improving access for SMEs and female entrepreneurs and growing mobile-first Islamic banking in underserved areas. Saadiq adapts its products to meet both religious and monetary objectives as customer demands evolve.

Islamic finance’s value-based principles align closely with ESG frameworks, driving momentum beyond traditional markets. Saadiq actively collaborates with institutions and sovereigns to design green Islamic finance solutions, including Sukuk connected to ESG. Investor confidence is strengthened by its emphasis on openness and accountability. The Islamic finance strategy of Standard Chartered Saadiq promotes sustainable development objectives and broadens ethical financing avenues globally. Wider institutional engagement is being drawn to secondary growth themes such as Islamic wealth management solutions and the expansion of Shariah-compliant banks.

Standard Chartered will continue to grow its Saadiq footprint in key areas of Islamic financing. Greater market penetration will be fueled by new alliances and digital rollouts as part of Standard Chartered Saadiq Islamic finance strategy. Saadiq is expected to reach a size of USD2 trillion by 2028, making it a key component of contemporary faith-aligned finance. A more transparent and inclusive financial future will be shaped by its leadership in faith-aligned investing tools and global Sukuk issuance.