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The Eurasian Development Bank, IsDBI and the London Stock Exchange Group host a discussion on the future of Islamic finance in Central Asia

er 16, 2024 RELATED TOPICS ADFW ISLAMIC FINANCE RELATED COMPANIES LSE Sl Itl Fnnc Cntr ADF Amanie Advisors Global Office EDB ISDB ISDB Abu Dhabi, United Arab Emirates – The Eurasian Development Bank (EDB), the Islamic Development Bank Institute (IsDB) and the London Stock Exchange Group (LSEG), in the spirit of promoting Islamic Finance in Central Asia, have held a panel discussion, “Bridging the Capital Road: CIS & GCC,” as part of the Islamic Banking program at Abu Dhabi Finance Week (ADFW) on December, 11, 2024. This panel highlighted the transformative role of Islamic finance in driving sustainable development across Central Asia – the region with the second fastest growing economies globally – and fostering stronger investment potential and economic ties between the Central Asia and the Gulf Cooperation Council (GCC) region. The year 2024 ends with record economic growth in the EDB's states of operations of more than 4%, surpassing the global rate (3.2%). At the same time, by projections from the EDB, the IsDB and the LSEG, the Islamic finance market will reach the level of USD 2.5 billion in 2028 and USD 6.3 billion in 2033.