Noor Islamic says sukuk market needs 3 years to rebound

Noor Islamic Bank does not expect the Islamic bond market to turn around for another three years, given the financial and political uncertainty in the region, its chief executive said on Wednesday.
“What you see in the sukuk market right now is not growing but I think it is shrinking a little bit in comparison to years before,” Hussain Al Qemzi told Reuters in an interview. “I see three years before we see an upward trend in sukuk. We will see a stronger comeback afterwards.”

The World Islamic Banking Conference

Noor Islamic Bank is the platinum sponsor of “The World Islamic Banking Conference” in Singapore on 8th and 9th June. Delivering his inaugural keynote speech will be Mr. Hussain Al Qemzi, Chief Executive Officer, Noor Islamic Bank and Group Chief Executive Officer, Noor Investment Group.