NEW YORK, Sept. 9, 2015 — Global Finance has announced its ranking of the Safest Islamic Financial Institutions in the Gulf Cooperation Council as part of an exclusive survey to be published in the November 2015 issue. Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.
Trends | Islamic Finance
Islamic finance has seen tremendous growth over the past few decades.
Global Finance’s first annual list of Who’s Who in The Middle East.
CAPITAL MARKETS | ISLAMIC FINANCE
To diversify its sources of financing, Goldman Sachs plans to issue a benchmark Islamic bond, at a time when demand for sukuk is outrunning supply. Meanwhile, South Africa is planning its first sovereign sukuk, and the Egyptian government is working on a new sukuk law, following the military’s overthrow of Islamist president Mohamed Morsi last year.