DIFC posts 45% solid growth in Islamic assets in 12 months | ZAWYA MENA Edition:
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa, and South Asia (MEASA) region, announced that it has recorded solid growth of 45% in Islamic assets during the period between the second quarter of 2018 and Q2-2019.
Islamic finance has been growing at 1.5 times the rate of traditional finance as the MEASA is significantly driving this industry on the back of a number of jumbo sukuk issuances and almost $1 trillion in financial assets across GCC countries, according to a press release.
Dubai is one of the largest centres in the world for sukuk listings with offerings worth $62 billion, including listings on Nasdaq Dubai valuing at $60 billion, the DIFC highlighted.
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