This assignment provides an in-depth examination of Islamic finance, including its development, expansion, and impact on global markets. It highlights the participation of major market actors such as Citibank, HSBC, UBS, and Deutsche Bank in providing Islamic financial products. The study also emphasizes the importance of Islamic finance principles in creating, improving, and endorsing Islamic money and capital markets. With a focus on the regulatory structure of Islamic finance, this assignment provides valuable insights for students and professionals alike.