Demand for syariah-compliant instruments rising

Moody’s said Islamic banking assets in key markets would continue to grow at a higher rate compared to conventional peers supported by robust economic activity in South-East Asia and the Gulf Cooperation Council. — Bloomberg

KUALA LUMPUR: Demand for syariah-compliant instruments is expected to continue to rise in 2023, supported by strong economic growth amid robust oil prices and ambitious development agendas in core Islamic markets, says Moody’s Investors Service.

In a research note yesterday, Moody’s said Islamic banking assets in key markets would continue to grow at a higher rate compared to conventional peers supported by robust economic activity in South-East Asia and the Gulf Cooperation Council (GCC), Bernama reported.