Saudi Islamic finance growth strong as social issuance set to rise: S&P
Published 03 May,2021 via Arab News - Economy - DUBAI - Global Islamic finance is expected to grow by 10 to 12 percent over the next year on the back of stronger sukuk issuances and continued industry standardization, S&P Global said in a report.
Financing growth in Saudi Arabia will remain strong, S&P said, fueled by mortgages and corporate lending. It also expects some growth in Qatar supported by investments related to the upcoming World Cup, “and to a lesser extent the UAE where the Dubai Expo is likely to help boost economic activity,” it added.
The report also noted a potential rise in the issuance of social Islamic finance instruments and green sukuk, as companies become more conscious of their environmental, social, and governance (ESG) values.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Arab News