Moody’s: Islamic finance will continue to grow

Moody’s knew that in 2021, global sukuk issuances could range from $ 190 to 200 billion.

In the statement made by the international credit rating agency Moody’s, “Islamic finance, supportive government policies, strong product demand will continue to grow on multiple fronts despite the difficulties created by the epidemic with the deepening of the market.” included in the evaluation.

The statement stated that “Sukuk issuance will be close to record levels, takaful (insurance) premiums will increase steadily and Islamic funds will grow by 4-5 percent annually”.

Ashraf Madani, Vice President and Senior Analyst at Moody’s, whose evaluations were included in the statement, said, “We expect Islamic finance to continue to rise and continue its growth trend in 2021 and beyond. The industry continues to be generally underrepresented in countries with large Muslim populations. This situation provides ample room for growth. ” used the expressions.

“We estimate that the global sukuk export will stabilize between approximately $ 190-200 billion in 2021, after a record $ 205 billion in 2020,” Madani said. found the assessment.


Source: bigpara- GÜNDEM by

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