Experts Discuss Technology and Data Gaps in the Global Sukuk market: Global Islamic Economy Summit

Speaking at the fourth Global Islamic Economy Summit hosted virtually recently, Director of Strategy and Planning at the Dubai Islamic Economy Development Centre (DIEDC), Wadha Buti Al Ghafli, highlighted the importance of the Islamic finance sector, adding that the DIEDC has placed the industry at the forefront of its strategic initiatives. Al Ghafli discussed the performance of the global Sukuk market in 2019, when the sector saw record issuances valued at more than USD 162 billion, an increase of 31% year-on-year (YoY).

The discussion also looked at the emerging role of technology in the Sukuk-issuance process. Dr Mohamed Damak, Senior Director and Global Head of Islamic Finance at S&P Global Ratings, suggested t...