What does the future hold for Islamic finance?

AFTER remaining resilient in 2020, the Islamic finance segment is performing strongly this year, as an improved economic environment, a rise in the number of large projects and an increased focus on environmental, social and governance (ESG) factors combine to drive demand.

Despite the twin challenges of Covid-19 and the fall in global oil prices, the segment’s assets grew by 10.6 per cent last year, according to global ratings agency S&P.