#AceFinanceNews – We estimate Islamic finance assets were worth about $2.1 trillion at year-end 2015, compared with more than $7 trillion of cumulative GDP of the economies of the OIC countries at the same date – Report S&P – @AceFinanceNews

#AceFinanceNews – April.22: Islamic finance assets estimated at $2.1T in 2015: S&P

Sukuk issues volumes will reach $50 billion to $55 billion in 2016, according to Standard & Poor’s estimates.

We estimate Islamic finance assets were worth about $2.1 trillion at year-end 2015, compared with more than $7 trillion of cumulative GDP of the economies of the OIC countries at the same date,” the ratings agency said in a report on Monday.

Islamic finance will likely remain a moderate contributor due to the industry's small size and the issues it has yet to resolve to unlock its global potential. (File photo)

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