Global Sukuk Outlook Dashboard News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LONDON: Saudi leadership in the Islamic finance economy looks set to continue into 2021, according to a senior industry expert, who explained that the end of the GCC rift and growing emphasis on green finance both boost the Kingdom’s credentials.
“The region, and specifically I would say Saudi Arabia, is leading the Islamic finance market globally,” Fitch Ratings’ Global Head of Islamic Finance Bashar Al-Natoor told Arab News.
“Although Islamic finance is small globally, it is significant in the Middle East, and it is very significant in Saudi Arabia.”
Across the five key sectors of Islamic finance Islamic banks, Sukuk, Takaful, fund management and Sharia-compliant corporate sectors Saudi Arabia was historically known only to lead in countries where there was dual Islamic and conventional financing. ....

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