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DUBAI: Global Islamic finance is expected to grow by 10 to 12 percent over the next year on the back of stronger sukuk issuances and continued industry standardization, S&P Global said in a report. Financing growth in Saudi Arabia will remain strong, S&P said, fueled by mortgages and corporate lending. It also expects some growth in Qatar supported by investments related to the upcoming World Cup, “and to a lesser extent the UAE where the Dubai Expo is likely to help boost economic activity,” it added. The report also noted a potential rise in the issuance of social Islamic finance instruments and green sukuk, as companies become more conscious of their environmental, social, and governance (ESG) values.

Saudi arabiaUnited arab emiratesDubai islamic economy development centerIslamic development bankGlobal islamicWorld cupDubai expoJeddah based islamic development bankசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்துபாய் இஸ்லாமிய பொருளாதாரம் வளர்ச்சி மையம்இஸ்லாமிய வளர்ச்சி வங்கிஉலகளாவிய இஸ்லாமியஉலகம் கோப்பைதுபாய் எக்ஸ்போ