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In observance of Nuzul Al Quran, IFN Daily Alerts service will resume on the 29th March 2024.

Islamic finance will continue to grow despite expected lower sukuk issuances

We expect the accelerating economic recovery, higher oil prices and interest rate hikes to have mixed implications for the Islamic finance industry in 2022. The economic recovery in key Islamic finance markets will boost credit growth and demand for Shariah-compliant products and we expect Islamic banks' asset growth to continue to outperform their conventional peers. At the same time we expect higher oil prices will lead to lower sukuk issuance in 2022, largely driven by lower financing needs in the....

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