IslamicFinance.de

According to Moody's Investors Service, the value of global sukuk issuance is expected to increase by 6% to reach $130 billion in 2019. That forecast can be ascribed to the increase in sukuk activity in Saudi Arabia and Malaysia, which manifested by the issuance of $87 billion sukuk in the first six months of 2019. Moody’s senior vice president Nitish Bhojnagarwala expects second-half volumes to moderate to around $43 billion, though Malaysia and Gulf Cooperation Council countries will continue issuing regularly. Key Islamic finance markets are working on adjusting their funding mix to support a long-term growth in sukuk volumes. As awareness towards the risk of climate change increases, the green sukuk market is expected to grow further.