Global sukuk issuance to hover between US$70 Billion – US$80 billion in 2018

  • Global sukuk issuance unlikely to retain strong performance this year due to tighter global liquidity conditions, mounting geopolitical risks and slow progress on the standardisation of Islamic finance products.
  • These setbacks, according to Standard and Poor Global Ratings (S&P), would continue to hold the market back from its full potential. The rating agency, in a report titled Global Sukuk Market Outlook for 2018, anticipate total sukuk issuance volume to hover between US$70 billion (RM280 billion) and US$80 billion (RM320 billion) this year.
  • Global sukuk issuance in 2017 increased 45.3 per cent to 97.9 billion from US$67.4 billion in 2016, spurred by major issuance of some Gulf Cooperation Council (GCC) countries.
  • It noted that geopolitical risk considerations are weighing heavier on some investors, especially the recent sanctions imposed on Qatar by a group of Arab states in June last year.
  • The ratings agency said retail investment or waqf money could lift sukuk issuance and reduce pricing by boosting demand.

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