PoriPurno News Desk | August 02, 2025
Islamic finance is rapidly emerging as a powerful alternative in the global financial ecosystem, gaining traction among entrepreneurs, startups, and retail investors across both Muslim-majority and non-Muslim countries. With a current market size of approximately USD 2.3 trillion—equivalent to the GDP of Russia—analysts predict that the global Islamic finance market will surge to USD 7.7 trillion by 2033.
According to industry projections, the sector is expected to maintain an average annual growth rate of nearly 12% over the next decade, driven primarily by demand from the Middle East, Southeast Asia, and increasingly, North America.
Middle East Leads; North America Fastest Growing
Currently, the Middle East holds 53% of the global Islamic finance market share. However, North America has emerged as the fastest-growing region, with rising interest in Shariah-compliant finance models across the United States and Canada. Analysts attribute this surge to growing demand for ethical and interest-free financial alternatives, especially in the startup and entrepreneurial ecosystem.
In contrast to conventional loans that rely on interest, Islamic finance operates on principles such as profit-sharing, asset-backed transactions, and partnership-based models. This ethical and sustainable approach is appealing to a new generation of investors and businesses seeking alternatives to traditional high-interest debt instruments.
Rapid Expansion in Bangladesh’s Islamic Finance Sector
Bangladesh has also witnessed remarkable growth in its Islamic finance segment. Although precise figures for Shariah-based investment in Bangladesh remain elusive, available data from the Islamic banking sector offers a clear indication of its scale and acceptance.
As of January 2024, according to Bangladesh Bank:
- Total assets of the Islamic banking sector stood at BDT 7.57 trillion.
- Share in total bank deposits: 25%
- Share in total investments: 28%
- Share in inward remittances: 40%
These figures reflect growing confidence among both consumers and businesses in Islamic finance as a mainstream, credible alternative.
biniyog.io: A Shariah-Compliant Financing Connector in Bangladesh
Among the key players in Bangladesh’s Islamic finance landscape is biniyog.io, an online platform that connects entrepreneurs with investors under Shariah-compliant models. To date, the platform has disbursed nearly BDT 70 crore in funding to over 250 businesses, primarily small and medium-sized enterprises (SMEs) and startups that were previously constrained by a lack of capital.
Biniyog.io employs a model rooted in Islamic financial principles, enabling entrepreneurs to raise funds without interest. Instead, financing is structured via profit-sharing, partnership, or cost-plus arrangements, thereby offering ethical financial solutions to those unable or unwilling to pursue conventional banking options.
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Free Webinar to Raise Awareness
In a bid to further awareness and understanding, a free webinar on Islamic finance will be held on July 31. Targeted at entrepreneurs, business owners, and startup founders, the webinar will explore various facets of Shariah-based financial systems, including how Islamic finance can serve as a powerful engine for business growth and sustainability.
Participants will have the opportunity to learn from experts about the practical benefits and strategic advantages of adopting Islamic finance in both local and global contexts.
A Paradigm Shift in Global Finance
What was once perceived as a niche financial system confined to Muslim-majority countries is now becoming a globally recognized framework for ethical finance. With growing investor appetite for risk-sharing models, interest-free transactions, and socially responsible finance, Islamic finance is increasingly appealing to a broad spectrum of market participants.
As Bangladesh continues to foster growth in this sector and platforms like biniyog.io lead the way in practical application, the country positions itself as a vital contributor to this global financial transformation.
Discover how Islamic Finance is set to skyrocket to USD 7.7 trillion by 2033, transforming global markets with its Shariah-compliant, sustainable model. From startups to sovereign funds, this ethical financial system is gaining momentum worldwide.
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