IslamicFinance.de

The sukuk market has slowed – nine syndicated deals had been sold as of August 13, the lowest number of deals for that period since 2010, when three were completed. They raised a total of $5.7 billion, the lowest value since 2011's $4.2 billion. The pipeline is filled with financial institutions. The Islamic Development Bank in June more than doubled the size of its sukuk programme to $25 billion from $10 billion. Arab Petroleum Investments Corporation, a multilateral development bank headquartered in Saudi established a $3 billion sukuk programme in July.