A new report by INPUT touches on the growing demand for Shariah-compliant crypto products, even as the market struggles to meet the expectations of the world’s two billion Muslims seeking ethical, interest-free financial services.
The Islamic finance sector, currently valued at $8 billion, is projected to reach $12.45 billion by 2028, growing at a rate of 11.7% annually, according to the report and a note shared with crypto.news.
This rising interest is creating momentum for platforms that align with Islamic financial principles, including the prohibition of riba (interest), gharar (uncertainty), and associations with haram (forbidden) industries.