With the world still coming to terms with a major reformulation of the political order in Europe, and preparing for what promise to be unpredictable electoral contests in Germany and the US - investors currently face an uncertain world. Increasingly frequent terror attacks in Europe and elsewhere are fueling a rise in right-wing populism and protectionism that threatens to destabilise the global economic order.
The agreement Iran has reached regarding its nuclear program could bring about its eventual economic rebound, and boost Islamic finance in particular, in Standard & Poor's view. Iran agreed the Joint Comprehensive Plan of Action (JCPA) with the P5+1 (China, France, Russia, the U.K., and the U.S. plus Germany) in July 2015. Standard & Poor's believes this bodes well for Iran's economy, if and when sanctions are lifted, and could boost Islamic finance. Iran is one of the largest players in the industry, contributing to around 40% of global Islamic banking assets