ISLAMIC FINANCE
A clear direction for growth Chief Executive Officer of Bahrain Islamic Bank (BisB), Hassan Jarrar points out that while there remain sectors where Islamic Finance can grow, there are areas of concern in today’s world where it has a distinct lead, and that creating the right stewardship directives and with good insights, it can be more robust in the face of uncertainty
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ukuk instruments remain more complex and time consuming for issuers when compared with conventional bonds, so do you expect to see meaningful moves toward streamlining of Sukuk issuance to heighten attractiveness?
Hassan Jarrar, Chief Executive Officer, BisB
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Banking and Finance news in the MEA market
Despite the overall developments we have witnessed within the Islamic capital market space, tapping into Sukuk instruments still remains both challenging and time consuming c o m p a re d to t h e i r c o u n te r p a r t conventional bonds. The fact is, although the ongoing pandemic COVID-19 is a force to be reckoned with and unlike anything the world at large has had to deal with in terms of the sheer consequences and the breadth of its economic impact that reverberated around the world, it has further cemented what we had learned and had historically established from previous crises, in the likes of the collapse of oil prices back in 2014.
