Strong banking, sukuk performance drives Islamic finance growth in 2024
Strong banking and sukuk performance has propelled double-digit growth for the global Islamic finance industry in 2024, a recent report has revealed.
Total assets of the Islamic finance industry's increased by 10.6% in 2024, with Islamic banking assets contributing 60% of the sector’s growth last year, an S&P Global Ratings report detailed.
Geograpically, the GCC accounted for 81% of the industry’s growth, with Saudi Arabia contributing two-thirds of it.
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