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S&P Global: Islamic finance industry to grow by 10-12pc in 2021-2022
2 Jul 2021 | Friday Source: Malay Mail
The Islamic finance industry will continue to grow by 10 to 12 per cent over 2021 and 2022 despite some countries’ gross domestic product growth is anticipated to be lower than what had been observed historically, according to S&P Global Ratings.
Global Head of Islamic Finance and Sector Lead, Financial Institutions, Middle East and Africa, Mohamed Damak said the industry would be supported by strong financing growth in Saudi Arabia in mortgages and corporate lending, Qatar (investments related to the upcoming football World Cup), and to a lesser extent, the United Arab Emirates due to the Dubai Expo.
