Key Takeaways
- Qatar ranks sixth globally in the Islamic fintech sector, as reported in the Global Islamic Fintech (GIFT) Report 2025–2026.
- The Islamic fintech market in Qatar is valued at approximately $3.1 billion and is projected to grow by 9 percent annually, reaching $4.8 billion by 2029.
- Qatar also ranks seventh in the world for supportive regulatory and business environments for Islamic fintech, with significant infrastructure and innovation capacity.
- Islamic fintech markets in Organisation of Islamic Cooperation (OIC) countries are expected to grow from $198 billion in 2024 to $341 billion by 2029, reflecting an 11.5 percent growth rate.
- Key challenges include limited access to capital and regulatory complexity, while a transition towards structured implementation of Islamic fintech solutions is anticipated in 2026.
The finding that Qatar ranks sixth globally in Islamic fintech sector was confirmed in the Global Islamic Fintech (GIFT) Report 2025–2026. The report places Qatar among the leading markets in Islamic financial technology. It highlights the country’s performance in transaction activity and ecosystem development.
Qatar’s Islamic fintech market was valued at approximately $3.1 billion in 2024–2025. The report projects growth at around 9 percent annually, with the market expected to reach nearly $4.8 billion by 2029.
Report Details Behind Qatar Ranks Sixth Globally in Islamic Fintech Sector
The GIFT Report 2025–2026 was prepared by DinarStandard and Elipses in collaboration with the Qatar Financial Centre Authority (QFC). The study evaluates global Islamic fintech markets based on transaction volumes and enabling ecosystem factors.
In addition to the main ranking, Qatar placed seventh worldwide in an index measuring supportive regulatory and business environments for Islamic fintech. The index considers infrastructure, governance, and innovation capacity.
The report states that Islamic fintech markets across Organisation of Islamic Cooperation (OIC) countries are projected to expand from about $198 billion in 2024 to $341 billion by 2029, reflecting an estimated 11.5 percent compound annual growth rate.
Market Leaders and Context as Qatar Ranks Sixth Globally in Islamic Fintech Sector
The report identifies Saudi Arabia, Iran, Malaysia, the United Arab Emirates, Indonesia, and Kuwait as the six largest Islamic fintech markets by volume. Each recorded transaction values exceeding $3.1 billion in 2024–2025. Together, these markets account for approximately 93 percent of global Islamic fintech activity.
The report also outlines sector challenges. These include limited access to capital, regulatory complexity, high customer acquisition costs, and expansion barriers. It notes the need for increased awareness of Sharia-compliant digital financial products.
Industry insights in the report indicate a transition toward structured implementation of Islamic fintech solutions in 2026. Digital assets are identified as an area of development within Sharia-compliant finance.
The data confirms that Qatar ranks sixth globally in Islamic fintech sector, reinforcing its position within the international Islamic digital finance landscape.
