Islamic finance industry growing

Standard and Poor’s Global Ratings Islamic Finance global head Mohamad Damak said that supported by global economic recovery as well as strong sukuk issuance, the Islamic finance industry is expected to expand between 10% and 12% for next year as well as 2021.

KUALA LUMPUR: The global Islamic capital market’s growth next year is hinged on the pace of policy revisions by major central banks and stable sukuk issuances, says Standard and Poor’s Global Ratings Islamic Finance global head Mohamad Damak.

He said that supported by global economic recovery as well as strong sukuk issuance, the Islamic finance industry is expected to expand between 10% and 12% for next year as well as 2021.