Nuritdinova Zarnigorkhon Fazliddin qizi
Tashkent State University of Economics , PhD student
E-mail: zarizar6760@gmail.com
Orcid: 0009-0006-9300-6859
Abstract. This article analyzes the development trends and stability of the global Islamic finance industry based on the Islamic Financial Services Industry Stability Report 2025 published by the Islamic Financial Services Board (IFSB). The research used statistical analysis, comparative analysis, and dynamic series methods. The results show that global Islamic finance assets reached US$3.88 trillion in 2024, recording an annual growth rate of 14.9 percent. Although Islamic banks account for 71.6 percent of the sector, significant growth was also observed in the sukuk and takaful segments. The results of the study indicate the need to develop capital markets, deepen the sukuk market, and reduce dependence on murabaha-based instruments to increase the stability of the Islamic financial system.
Keywords: Islamic finance, Islamic banks, murabaha, sukuk, IFSB, financial stability, takaful.