We expect demand for Shariah-compliant instruments to continue to rise in 2023, supported by strong economic growth amid robust oil prices and ambitious development agendas in core Islamic markets. On the sukuk side, we expect issuance volumes to stabilise in 2023 after two consecutive years of decline, supported by rising financing needs from Southeast Asian sovereigns, resilient activity on the banking and corporate side and the realisation of delayed issuances. We continue to expect some downward pressure on volumes as....