Moody’s: Islamic finance to continue growing in 2022 as economic recovery accelerates | Malay Mail

📆 08/03/2022 12:44 م
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KUALA LUMPUR, March 8 — Islamic finance will continue to grow in 2022 as economic recovery accelerates, particularly in the Gulf Cooperation Council (GCC) region, Moody’s Investors Service said. Its vice president-senior analyst Ashraf Madani said the economic recovery in key Islamic finance...

Tuesday, 08 Mar 2022 02:06 PM MYT

Its vice president-senior analyst Ashraf Madani said the economic recovery in key Islamic finance markets will boost credit growth and demand for Shariah-compliant products and it expects Islamic banks’ asset growth to continue to outperform their conventional peers. The research firm noted that sukuk issuance fell 12 per cent to US$181 billion in 2021 amid lower sovereign funding needs in the GCC region and Indonesia amid higher oil prices and an economic recovery.In 2020, assets under management for Islamic funds rose to a new high of US$140 billion, up 31.9 per cent year-on-year.

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