"Rising rates negatively impact global issuances of sukuk, thereby affecting the global sukuk market. This reduces the appetite of global investors for entering emerging markets and raises concerns about growth rates when interest rates increase. For issuers, some are often compelled to adapt to high rates due to existing obligations,"...
KSA, Kuwait lead as Islamic banking prospers in GCC
With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the Gulf region has been commendable, says a report.Islamic Development Bank raises $1.6b from Sukuk issuance
An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.
