Foreign Direct Investment (FDI) and exports are key factors in driving economic growth in ASEAN countries. FDI plays a crucial role in increasing capital inflows, facilitating technology transfer, and accelerating domestic industrial development by enhancing productivity and creating job opportunities. On the other hand, exports serve as a growth engine by increasing national income, expanding markets for local products, and strengthening trade balance stability. This study analyzes the relationship between FDI, exports, and economic growth in ASEAN from 2018 to 2023 using an empirical approach from the perspective of Islamic economics. It adopts a quantitative method with panel data regression analysis to examine this relationship, utilizing data from 10 ASEAN member countries over the 2018-2023 period. The primary data sources include official publications from the IMF, World Bank, and ASEAN. The analyzed data encompass FDI indicators, exports, and economic growth, with E-Views 12 software used to assess the simultaneous relationship among these variables. The study aims to examine the relationship between FDI, exports, and economic growth in ASEAN using a quantitative approach. The findings indicate that FDI has a significant impact on economic growth, particularly in countries with open investment policies and strong macroeconomic stability. Meanwhile, exports contribute positively but do not have a significant influence on ASEAN’s economic growth. However, they can enhance industrial competitiveness and open broader opportunities for international trade. Nevertheless, challenges remain, such as dependency on specific sectors, regulatory barriers, and global economic fluctuations, which may affect the effectiveness of FDI and exports in driving economic growth. Therefore, policies that support foreign investment, enhance export competitiveness, and strengthen infrastructure are needed to ensure sustainable economic growth in ASEAN. With the right strategic measures, FDI and exports can continue to be the main pillars in accelerating regional economic development amid increasingly intense global competition