According to Rahyafte(the missionaries and converts website):The report says the sector continued to expand in 2022, with assets up by 9.4 per cent compared with 12.2 per cent in 2021, supported by growth in banking assets and the sukuk industry.
“Structural weaknesses still curb the industry’s broader geographical and market appeal,” S&P said.
S&P also said that corporates are likely to contribute to issuance volumes, particularly in countries such as Saudi Arabia, where governments have announced transformation plans.
Source: middleeastmonitor.com