IslamicFinance.de

The Sukuk market does not look like it will replicate the volume of issuance that was seen in 2012. However, there has been a healthy flow of new deals that come to market this year, particularly from debut issuers, according to a new comment released by BLME. 2014 not has been a landmark year for the Sukuk markets due mainly to the new entrants to the market, particularly the issues from outside of the GCC region and Malaysia. The UK, Luxembourg, Hong Kong and South Africa issue provided much needed diversification to the market, the comment noted. Besides, the sukuk market benefited from a shortfall in Sukuk supply and a large demand specifically for US$ denominated issuances in addition to the relatively strong fundamentals in the GCC.