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Russia to implement Islamic banking system
17 OCT 2022
Gulf Islamic Investments’ US$300mln Indian funds demonstrate strong growth and future prospects
13 OCT 2022
Shaping a stakeholder economy for the Islamic capital market
11 OCT 2022
Sukuk Market Activity Slow but Pipeline Is Building Up
10 OCT 2022
Sukuk Market Activity Slow but Pipeline Is Building Up
10 OCT 2022
Fitch Ratings-Dubai-10 October 2022: Near-term sukuk market activity will be slow in the core markets of the GCC, Malaysia, Indonesia, Turkey, and Pakistan (including multilaterals) amid continued volatilities, says Fitch Ratings, as will bond market activity. Rising interest rates (2022F/2023F US interest rate: 4%), high oil prices (2023F: USD85 per barrel), geopolitical events and lower emerging-market debt appetite propelled a 14.4% quarterly fall in total sukuk issuance in the core markets in 3Q22, with bond issuance falling similarly (down 14.1%).