As Islamic finance nears $12.5 billion, Shariah-compliant crypto projects aim to serve two billion Muslims — yet supply lags behind growing demand.

A new report by INPUT touches on the growing demand for Shariah-compliant crypto products, even as the market struggles to meet the expectations of the world’s two billion Muslims seeking ethical, interest-free financial services.

The Islamic finance sector, currently valued at $8 billion, is projected to reach $12.45 billion by 2028, growing at a rate of 11.7% annually, according to the report and a note shared with crypto.news.

This rising interest is creating momentum for platforms that align with Islamic financial principles, including the prohibition of riba…