S&P Global Ratings expects strong growth in the UAE's Islamic finance sector to continue over the coming period, supported by the strong performance of the non-oil economy. According to the agency, the UAE has seen significant growth in Sukuk in foreign currency issuance since the beginning of the year, with issuance activity in the real estate and financial institutions sectors, amid a drive to attract more foreign capital. The agency indicated that interest rate cuts are anticipated to continue until the end of 2025, fostering global issuance growth. The UAE's insurance sector, both conventional and Islamic, is projected to expand by 15 to 20 percent, driven by economic performance and infrastructure projects. Speaking to Emirates News Agency (WAM) during the 14th edition of the Annual Islamic Finance Conference organised by S&P Global Ratings and Dubai International Financial Centre (DIFC), the agency's analysts indicated that sustainable finance presents new opportunities for funding, particularly in oil-exporting nations pursuing carbon neutrality, while highlighting that the UAE is a key market for sustainable issuances in the region.