Global Primary Sukuk Market Outperforms in 1H2014
Global Primary Sukuk issuances have soared in 1H2014, with some notable events adding new opportunities to the sukuk marketplace. The world’s first takaful sukuk and one of the very few real estate and investment trust (REIT) sukuk have demonstrated that innovation is thriving. The corporate sukuk sector recorded a tremendous revival with 66% quarter-on-quarter increase in volume; but perhaps the most notable highlight during 2Q14 was the debut of the United Kingdom in the sovereign sukuk market. In total sukuk were issued in 13 currencies during the first half of 2014, which shows great promise of things to come.
