Archive for January, 2015
Rising uncertainty for the sukuk market in 2015
- Published on Thursday, 22 January 2015 06:13
- 0 Comments
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?