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FINANCIAL NEWS
Islamic finance progress to fall under 10 percent
20 Oct 2015
(MENAFN) Islamic finance development is decelerating, mainly on the back of the severe plunge in oil incomes, rapid regulatory changes, and lack of integration.
According to the latest reports, Islamic finance growth will deteriorate to single digits in 2016 from between 10 percent and 15 percent over the past ten years.
The decrease in oil prices means that governments and firms in the Middle East will have less to invest in Islamic financial products, based on available data.
“We estimate the Islamic sukuk investor base at just over USD500 billion, excluding sovereign wealth funds and other conventional investors,” said the Global Head of Islamic Finance.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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