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Islamic Finance Industry Expected to Grow Between 10% and 12% in 2021 and 2022

Islamic Finance Industry Expected to Grow Between 10% and 12% in 2021 and 2022

December 10, 2021

http://islamicmarkets.com/articles/islamic-finance-industry-expected-to-grow-between-10-and-12
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By IM Insights

The Islamic finance industry is expected to grow between 10% and 12% in 2021 and 2022 said Dr Mohamed Damak, Senior Director Financial Services and Global Head of Islamic Finance, S&P Global Ratings. Damak said that this would be on the back of global economic recovery as well as strong Sukuk issuance.

Why it Matters?

According to Damak, the speed of policy adjustments by major central banks and stable Sukuk issuances will determine the growth of the global Islamic capital market next year.

Details

Economic recovery will be the key driver impacting growth, with strong financial expansion in Saudi Arabia, particularly in mortgages and corporate lending, and investment in Qatar ahead of the 2022 FIFA World Cup, Dam...