Fitch: Divergence in Gulf Local Currency Debt Issuances
Qiyas summary
Bashar Al-Natour of Fitch pointed out the need for Gulf markets to expand into derivatives and digital assets.
Translated by Qiyas from النهار — Original source
Bashar Al-Natour, Global Head of Islamic Finance at Fitch Ratings, stated that Gulf markets need to expand into derivatives, ETFs, and digital assets to deepen their financial maturity. He pointed out a divergence among Gulf states in local-currency debt issuances, with Saudi Arabia and the United Arab Emirates leading the landscape. Al-Natour added that international investor confidence and regulatory readiness underpin the listing of Gulf sukuk on European exchanges.
