Regulatory initiatives across several Central Asian countries since the start of 2026 and increasing engagement with GCC investors and Islamic multilateral institutions are likely to support the Islamic finance industry’s growth potential in this region, Fitch Ratings says. Unlocking this potential would require sustained policy support, equal tax treatments, and greater public awareness and confidence, in Fitch’s view, as the Islamic finance industry is still underdeveloped across the region, with fragmented progress. [....]