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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