IslamicFinance.de

According to the newly released report “Global Sukuk Report 1Q2014” by Kuwait Finance House Research Limited (KFHR), the global sukuk market saw a modest volume of USD31.14bln in new sukuk issuances in 1Q2014, a drop of 15.2% as compared to 4Q13. The drop in issuance volume stems from a noteworthy slowdown in the GCC sukuk issuances in 1Q14. Consistent with the trend over past several quarters, the primary sukuk market was led by sovereign and quasi-sovereign issuers who collectively accounted for 81% of the global primary sukuk market issuances in 1Q14. As an outlook for 2014, the sovereign sukuk sector is of much stakeholder interest this year. As a result, despite the modest primary market momentum in 1Q14, the global primary sukuk market is expected to once again surpass the USD100bln mark in new sukuk issuances this year.