Syria’s financial recovery; Türkiye secures Kuwaiti support

August 15, 2025

Pulse of the Global Islamic Economy

Safar 21, 1447 AH

Assalamualaikum,

Our lead story this week delves into how the new administration in post-conflict Syria is seeking to leverage Islamic finance in its attempt at national recovery, implementing reforms and partnerships after years of isolation and instability.

Meanwhile, Turkiye Wealth Fund has secured backing from a Kuwaiti-led group in line with its strategy to utilize Islamic finance instruments to support market development.

Did you know?

In 2023, OIC member countries faced a trade deficit of $76.37 billion, mainly driven by a $97.28 billion shortfall in the food sector. On the other hand, the fashion sector stood out with a $71.35 billion surplus, led by Bangladesh’s $51.01 billion in apparel and footwear exports.

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