Tuesday, 23 Feb 2021 06:40 PM MYT
“Corporate issuance, however, will remain limited because of more attractive conventional market opportunities, while new financial institutions will boost sukuk issuance in the sector,” he said in a newly published report. “The industry generally remains underrepresented in countries with large Muslim populations, providing ample room to expand,” he said.
The rating agency said global Islamic funds under management would continue to grow, likely at an annual rate of four per cent to five per cent in 2021-2022, boosted by the growth of Shariah capital markets and resilient demand for Shariah-compliant investments.
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