Global sukuk issuance set to surge 66% to $44 bln
Middle East and Malaysia are anticipated to deliver a major spurt in global sukuk issuance in 2012 to an estimated $44 billion, up 66 % on 2011.
Mohammed Dawood, managing director of Islamic global markets, Europe, Middle East and Africa for HSBC Amanah, stated that the dramatic increase in sukuk issuance has been activated by Islamic bonds’ remarkable performance amid the global meltdown.
He added that investors favour sukuk because it has been less explosive than conventional issuances, especially in the last four months of 2011.
Syndicate
