Dubai: Islamic finance is set to keep expanding in 2020 and beyond as the GCC countries and Malaysia help drive growth in Shariah-compliant financial products, however, there are downside risks from the coronavirus (COVID-19) outbreak, according to rating agency Moody’s. “We expect sukuk issuance t»»»

Over a 10-year period between 2009 and 2019, the annual growth rate of sukuk in terms of issuance volume has outstripped conventional bonds. Global sukuk registered a 5.2 per cent compound annual growth rate, compared to 2.3 per cent for conventional bonds. Annual growth rates alone do not convey t»»»

Dubai Islamic Bank (DIB) has completed the integration of Noor Bank with the successful migration of all banking relationships, enhancing its position as one of the largest Islamic banks in the world with total assets exceeding AED 300 billion ($81.7 billion). The entire integration was achieved in»»»