S&P says new sukuk issuances to decline this year | The National

S&P says new sukuk issuances to decline this year | The National:

"The rating agency Standard & Poor’s is forecasting a drop of up to 20 per cent in sukuk issuances this year as lower oil prices dampen appetite for spending in the Arabian Gulf and Malaysia.

The absence of the Malaysian central bank in the sukuk market is also weighing on sukuk issuance. New sukuk dropped by nearly half last year from the previous year.

Sukuk issues are foreseen dropping to between US$50 billion and $55bn this year from $63.5bn last year, according to S&P. In 2014, about $116.4bn of sukuk was issued globally."



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