$145bn Nasdaq Dubai; ESG meets Shariah; IFANCA contributes $4m

December 19, 2025

Pulse of the Global Islamic Economy

Jumada ll 28, 1447 AH

Assalamualaikum,

Environmental, Social, and Governance (ESG) standards and Islamic finance are increasingly converging, with shared principles of ethics and sustainability driving growth in green and social sukuk despite challenges such as standardization and greenwashing.

Meanwhile, IFANCA joined global leaders at a major Abu Dhabi pledging forum that raised $1.9 billion to support the final push to eradicate polio.

And finally,  Nasdaq Dubai has listed a $500 million sukuk from Majid Al Futtaim, drawing over $2 billion in orders,  and bringing MAF’s total listings on the exchange to $2.2 billion.

Did you know?

The combined market cap of the two largest stablecoins has surged to $260 billion—triple since 2023—with trading volumes hitting $23 trillion in 2024, driven largely by Asian activity and strong cross-regional flows from North America to emerging markets.

Your feedback matters:

What did you think about today’s email? Your feedback is our guiding star to deliver top-notch content straight to your inbox.

Login or Subscribe to participate in polls.