Global sukuk issuance up 45% in 2017 | ZAWYA MENA Edition:
"Sukuk issuance in 2017 increased by 45.3 per cent, reaching $97.9 billion, up from $67.4 billion in 2016, underpinned primarily by the jumbo issuances of some GCC countries, said S&P Global Ratings in a new report. "Driving this performance were good liquidity conditions in the GCC and, more generally, globally, as well as activity by some countries with the goal of further developing their Islamic finance industries," said S&P Global Ratings head of Islamic Finance, Dr Mohamed Damak, commenting on the report "Global Sukuk Market Outlook: Another Strong Performance In 2018?". Some issuers, particularly in Saudi Arabia, were able to choose sukuk over bonds because they were less pressed for time to raise funds, he added."
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