Momentum in Sukuk Issuance is Expected to Continue

International credit rating agency Fitch Ratings stated that the amount of the global Sukuk issuances has reached $715.2 billion in the first quarter of this year.

Global Economy 22.04.2021, 12:02 24.06.2021, 11:44
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Momentum in Sukuk Issuance is Expected to Continue

International credit rating agency Fitch Ratings stated that the amount of the global Sukuk issuances has reached $715.2 billion in the first quarter of this year. Fitch Ratings reported that the momentum in Sukuk issuance is expected to continue for the rest of the year.

In the statement made by Fitch Ratings, it was stated that the Sukuk market is affected by the developing markets, including the impact of rising US bond yields on fixed yield markets, and global trends.

Sukuk issuance in Turkey was performed at the level of $9.9 billion in the first quarter of the year

Pointing out that the total global Sukuk issuances reached $715.2 billion in the first quarter of 2021, the statement indicated that the Sukuk issuances from the GCC region, Malaysia, Indonesia, Turkey, and Pakistan for more than 18 months were performed at the level of $9.9 billion in the first quarter of this year. The statement also noted that the momentum of Sukuk issuance is expected to continue for the rest of the year.

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