GCC debt capital market surges 11% to USD 1 trillion in 2024: Fitch
Fitch expects the United States Federal Reserve to cut rates by 125 basis points to 3.5% by Q4 2025, with most GCC central banks likely to follow suit...
Tag : Sukuk
S&P, FTSE reports bring cheers for UAE as Islamic Finance witnesses further growth
Dr. Mohamed Damak stated that S&P expects the Islamic Finance sector to grow at a high single-digit rate through 2024 and 2025, fuelled by financing needs in key countries...
Saudi banks’ credit profiles remain strong amid high oil prices
Saudi Islamic banks have a strong position in the banking industry thanks to their larger retail franchises, which enable them to offer superior asset quality, reduced funding costs, and higher margins...
Saudi wealth fund PIF set to issue sterling-denominated bonds
Official data from Saudi Arabia shows that the private sector non-oil growth was stable in May, with the Purchasing Managers’ Index slightly decreasing to 56.4 from 57 in April...
Islamic Finance assets grew by 3.3% in 2023 in Qatar: Report
The aforementioned will make it possible to forecast the future of Islamic Finance and direct it in a way that will support its goals of social sustainability and development...
We play a major role in enhancing Saudi’s real estate finance market: SRC
SRC seeks to promote the growth and stability of the real estate finance sector in Saudi Arabia...
COP28 to accelerate revolution in sustainable bond market
Given that 51% of sustainable issuances in the Gulf region take the form of bonds, there is a strong expectation that they will benefit significantly from the heightened awareness being cultivated by COP28...
Experts bat for ‘Scientific Approach’ to deal with sukuk risks
To expand industrial and green financing projects, participants also emphasized the importance of creating cooperation agreements with organizations that support and oversee sukuk...
UAE’s debt capital market projected to reach USD 300 billion by 2030: Fitch Ratings
Fitch Ratings observed that its forecast for UAE's DCM market is backed by the fact that banks are important debt investors and are demonstrating decent liquidity as well as solid deposit growth...
UAE likely to launch more local currency Sukuk: S&P
The local dirham-denominated Islamic bond market is still in its infancy, so local players are still raising funds by issuing dollar and other foreign currency-denominated Sukuk...