Sharia-compliant lenders in the Gulf Cooperation Council (GCC) are expected to show resilience over the next two years after weathering tough market conditions in 2018, S&P Global Ratings has said. “In 2018, GCC Islamic banks expanded slower than conventional peers for the first time in five years,” said S&P Global Ratings Global Head of Islamic Finance, Mohamed Damak. “However, the growth difference was a mere 1 percent, which explains why ...