IslamicFinance.de

According to S&P Global Ratings, global sukuk issuance increased by 25.6% in 2019 compared with 2018. Foreign currency issuance also increased by almost 20.8% during the year, explained primarily by activity in Turkey, and also issuance by Qatari banks and Malaysian corporates. S&P anticipates a total sukuk issuance of $160bn-$170bn this year, including $40bn-$45bn of foreign currency issuance. This represents about 5% growth on the $162bn seen in 2019. S&P believes that the green sukuk market will continue to expand, aided by opportunities related to energy mix diversification in the GCC/Malaysia and investor diversification.