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According to Moody’s Investors Service, sukuk issuance grew 17% in 2017 to reach US$100 billion, underpinned by large sovereign transactions from the Gulf Cooperation Council (GCC) region. At the same time, new issuers came into the market last year, including some corporates from China and France. The sukuk market activity is also supported by specialized multilateral entities, such as quasi-sovereigns, central banks and supranationals, including the Islamic Development Bank, the International Liquidity Management Corporation and many others.