Economy
Islamic Banking Set to Outpace Conventional Growth in GCC
September 18, 2024
Islamic Banking Set to Outpace Conventional Growth in GCC
Islamic finance is projected to surpass conventional banking growth in the Gulf Cooperation Council (GCC) region, driven by robust economic expansion and increasing demand for Shariah-compliant products, Middle East Monitor reported yesterday citing Moody’s Ratings. Saudi Arabia leads with 85%…