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Sunday, 25 June 2017

Sukuk activity faces uncertain future after recovery in first half of 2017 | GulfNews.com

Sukuk activity faces uncertain future after recovery in first half of 2017 | GulfNews.com:

"Against the backdrop of a slowdown in the global Islamic financial services industry, sukuk activity in the GCC region is facing an uncertain future, according to rating agency Standard & Poor’s. Sukuk activity witnessed a strong recovery in the first half of 2017 compared with the same period in 2016, thanks primarily to the jumbo issuances of GCC governments, but analysts are less certain about 2018. “We believe this performance this year stemmed mainly from the good liquidity conditions in the GCC and more generally in the global financial market. Although we expect issuance numbers will stay solid for the rest of 2017, we consider it unlikely that some of the large transactions seen in the first half of the year will be repeated in 2018,” said S&P Global Ratings’ Head of Islamic Finance Dr Mohammad Damak."



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