S&P warns of slowdown threat to global sukuk issuance | The National

S&P warns of slowdown threat to global sukuk issuance | The National:



"Global sukuk issuance could be hampered this year by a slowdown in emerging markets as reduced confidence and low oil prices hit investor demand, the ratings agency Standard & Poor’s warns.



Between US$100 billion and $115bn of sukuk will be issued in 2015, S&P expects, roughly the same amount as over the past two years – confounding analyst estimates of double-digit growth for Islamic finance assets.



Corporate and sovereign sukuk are the most commonly issued Islamic financial products, and are principally used for project financing, or in lieu of issuing conventional bonds to raise capital."



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