null Moody’s: Islamic finance to continue growing in 2022 as economic recovery accelerates
Moody’s: Islamic finance to continue growing in 2022 as economic recovery accelerates
10 Mar 2022 | Thursday Source: Malay Mail
Islamic finance will continue to grow in 2022 as economic recovery accelerates, particularly in the Gulf Cooperation Council (GCC) region, Moody’s Investors Service said.
Its vice president-senior analyst Ashraf Madani said the economic recovery in key Islamic finance markets will boost credit growth and demand for Shariah-compliant products and it expects Islamic banks’ asset growth to continue to outperform their conventional peers.