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Economy Local January 22, 2025

UAE sukuk records 14.4 billion dollars in 2024

The value of sukuk issuances in the UAE market reached 14.4 billion dollars in 2024, with expectations of an increase ranging between 14 to 15 billion dollars in 2025.

UAE sukuk records 14.4 billion dollars in 2024

In 2024, the volume of Islamic bond issuance in the OIC market will reach 14.4 billion dollars, according to the agency "S&P Global for Credit Ratings." It is forecasted that in 2025 this figure will amount to between 14 and 15 billion dollars, primarily due to issuances by banks and institutions, reported Mohammed Damak, the global head of Islamic finance at the agency "S&P Global for Credit Ratings." "We see strong financial indicators in the OIC with a supportive economic environment and remarkable financial discipline," Damak added in a comment to the Emirates News Agency (WAM).

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