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IFN Oman Forum 2021

Gold set to play a greater role in Islamic finance as global economic uncertainty persists

2019 was a great year for gold and Islamic finance. Gold saw its best performance since 2010 while the Islamic finance industry is expected to grow by 5% according to the Islamic Finance Outlook 2020 by S&P Global Ratings. Gold rose by 18.4% in US dollar terms and reached record highs in most major currencies. Outperforming major bond and stock benchmarks, gold was supported by accommodative monetary policies around the world as a total of 65 central banks cut policy....

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