Interpreting Middle East Economic News and Analyzing Market Trends

Archive for January, 2015

Rising uncertainty for the sukuk market in 2015

S+P Total Sukuk Market Issuance

Source: Standard and Poor’s Ratings Services

 

 

In 2014 we saw for the first time the rise of non-Islamic sovereign issuers of sukuk.  The governments of Hong Kong, Luxembourg, South Africa and the UK all issued sukuk for the first time in 2014.  This marks the starting point of a trend that is expected to increase in the coming years.  However, with fizzling global growth expectations from the IMF coupled with crashing oil prices, can the sukuk market maintain its momentum?

 

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