Bank says global sukuk issuance to grow to US$44bil this year

HSBC Amanah anticipates global sukuk issuance to grow to US$44 billion in 2012 from US$26.5 billion last year. Malaysia was forseen to account for 60% of the total while the Middle East and North Africa (MENA) region 32%. It also stated that governments and government-related entities were likely to account for 50% while the finance and corporate sectors 25% each.
To encourage more Asian sukuk issuances, however, there was a need to help Middle Eastern investors understand Asian sukuk and capital markets better.