IslamicFinance.de

Global sukuk issuance is expected to reach around $70 billion in 2014, largely driven by increased issuance from governments. Moody's expects sovereigns to issue approximately $30 billion of sukuk in 2014, increasing the size of the sovereign market to around $115 billion by year-end 2014. The ratings agency forecasts this momentum to be sustained as both Islamic and non-Islamic governments increasingly tap or newly enter the market. Investors’ growing comfort with relatively complex Islamic instruments, the increasing financing needs and leverage appetites of some Muslim countries, as well as a desire for stronger investment links with the faster growing economies in the Gulf and Asia are driving this growth.