A recovery in market conditions and an increase in the gross borrowing requirements of the world's largest sukuk sovereign issuers will fuel a rise in nominal sukuk issuance this year that is greater than Moody's had expected in March, Moody's Investors Service said in a report.

The recovery will support a full-year increase in sovereign sukuk issuance of around 40% to $92 billion in 2020. However, despite an increase in nominal issuance, Moody's still expects the proportion of sukuk in the funding"...

Dar Al Takaful has announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the chief executive officer of the joint entities.

Sethi brings over 30 years of experience in the banking, investment banking, and insurance sectors. Previously, he has worked in leadership roles across Asia, Europe, and the Mena region, and brings extensive experience in strategy formulation, execution,"...