Quantitative easing is a monetary policy tool employed during economic crises or recessions. It is characterized as a strategy whereby a central bank augments the money supply by increasing its balance sheet to invigorate economic activity and attain the inflation target. Japan was the first country to implement quantitative easing initiatives from 2001 to 2006; nevertheless, it failed to achieve the desired success due to the existing low-interest rate environment. Subsequent to the Global Financial Crisis of 2008, central banks in advanced economies, such as the United States, the United Kingdom, and the Eurozone, initiated comprehensive quantitative easing measures, marking the most significant implementation of these policies to date. The effects of QE policies on the Islamic economy and finance have been diverse. Reduced interest rates have resulted in heightened foreign capital inflows in many Islamic emerging nations. Nonetheless, these measures have also induced asset price volatility and exchange rate variations. The Islamic economic paradigm, which rejects interest-based policies, promotes interest-free financial products like sukuk (Islamic bonds) as an alternative to quantitative easing (QE). Research findings demonstrate that QE policies directly affect the performance of Islamic financial instruments, resulting in significant variations in sukuk issuance. Furthermore, quantitative easing programs have had considerable effects on Shariah stock indices, which are responsive to interest rate variations.