IslamicFinance.de

The month of March has produced the most volume of sukuk issuances for the global sukuk market in 2014 with total sukuk issuances amounting to USD11.2bln. This represents an increase of more than 23% as compared to the USD9.07bln issuances in February 2014 and a 3.13% increase as compared to the USD10.86bln issuances in January this year. However, there was a substantial decline in corporate sukuk issuances in March with only USD1.45bln worth of issuances. The decline in corporate sukuk issuances was contributed mainly by a noticeable absence of issuers from the Gulf Cooperation Council (GCC). The sukuk volume in March saw heavy involvement of the sovereign and government related entities issuers in the primary market as collectively these two types of sukuks represented over 87% of total sukuks issued.