Islamic Finance
Islamic Finance is an important part of global capital markets in view of the rising demand in the Middle East and Asia.  The sector seeks to encourage investment and financing that conforms with the ethical and moral principles of the Islamic faith.

    29 Sep 2020|Moody's Investors Service
    Growth in Islamic assets under management (AUM) will slow in 2020-2021 as key Islamic economies perform more weakly. However, we still expect the growth rate to exceed the growth rate for global asset management industry.

    15 Sep 2020|Moody's Investors Service
    On 10 September 2020, Saudi Electricity Company (SEC) finalised the terms of a multi-tranche $1.3 billion green sukuk. SEC reported an order book of more than $5.2 billion for the offering, highlighting the strong investor appetite for sustainable bonds and sukuks.

    19 Aug 2020|Moody's Investors Service
    Christian de Guzman of the Sovereign team discusses how lower wages and the fall in employment of migrant workers in advanced economies will result in a decline in remittances to some developing economies. Also, Banking team analyst Nitish Bhojnagarwala talks about our outlook for the issuance of Islamic sukuk bonds.​

    18 Aug 2020|Moody's Investors Service
    Sukuk come in two forms, “asset-based” and “asset-backed”. Asset-based sukuk, despite having assets in their structure, are effectively a pass-through of the unsecured credit risk of the obligor. The obligor may be a corporate, bank, sovereign or an insurer. Asset-backed sukuk, on the other hand, are similar to securitisations.

    Nitish Bhojnagarwala
    Senior Credit Officer, Financial Institutions
    Henry MacNevin
    Associate Managing Director, Financial Institutions
    Faisal Hijazi
    Commercial Group
    Scott Phillips
    Regional Management