Toyota Global Sales Fall as China Demand Slumps 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
SK Biopharmaceuticals Secures Global Rights to Biohaven Epilepsy Drug Opakalim 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Trump Administration Plans New Drug Pricing Deals With Biotech Firms 
BNP Paribas, KB Kookmin Eye $2 Billion Techcombank Stake 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
Trian Drops Wendy’s Take-Private Bid Plans, Shares Plunge 14% 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing 
Add as a preferred source on Google
LONDON, April 05, 2018 -- The Islamic finance sector surprised market players around the globe with an incredibly successful 2017. Sukuk bonds, which generate returns without breaching Islamic law, came into high demand, with issuance surging by a phenomenal 45 percent to $97.9bn last year alone.
As a result, the sector has seen excellent liquidity conditions in the Gulf states, throughout which most sukuk assets are held. New markets have also opened up, allowing ambitious firms dealing in Islamic finance to expand and grow at impressive rates. World Finance magazine celebrates such institutions in the latest edition of its annual Islamic Finance Awards.
Despite the success of 2017, growth in sukuk issuance is slowing in 2018 as governments in the Gulf region moderate their budgets. The complex legal structure of sukuk products may also prove to be an ongoing challenge for foreign investors to enter the market.
There is, however, still much scope for growth. The appeal of the Islamic finance model continues to attract attention worldwide. The UK, for example, has been issuing sukuks since 2014, while the ICD, the world’s largest Sharia-compliant development bank, pushes ahead with plans to make Islamic financing models in Africa possible. It perhaps comes as little surprise then that the Islamic finance sector is expected to be worth a whopping $3.8trn by 2022.
As such, the coming years will be filled with both promises and challenges. Stubbornly low oil prices, together with ongoing geopolitical instability, will make long-term success a difficult goal that only the strongest Islamic banks will attain.
Although the Islamic finance sector faces turbulent times ahead, the winners of the World Finance Islamic Finance Awards 2018 are a testament that the ethical finance model can thrive, even under the most testing conditions.
To see the full list of winners, pick up the latest issue of World Finance, available online, on mobile and in print now.
World News Media is a leading publisher of quality financial and business magazines, which enjoys a global distribution network that includes subscriber lists of prominent decision-makers around the world.
CONTACT INFORMATION
World News Media
Elizabeth Matsangou
Editorial Department
+44 (0) 20 7553 4162
[email protected]
