27 Shawwal 1446 - 26 April 2025
    
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Eye of Riyadh
Business & Money | Wednesday 22 January, 2025 10:11 am |
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S&P: $14.4 billion of Sukuk issuances in UAE in 2024

In 2024, the volume of Sukuk issued by UAE based issuers reached $14.4 billion, according to S&P Global Ratings.

 

Speaking to the Emirates News Agency (WAM), Mohamed Damak, Managing Director and Global Head of Islamic Finance, S&P Global Ratings, said, “We expect the volume of sukuk issuance in the UAE to hover around $14-15 billion in 2025 underpinned by banks and corporate issuances.”

 

Damak emphasised the UAE's robust financial performance, driven by a supportive environment and sound fiscal management.

 

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