Market recovery to underpin rise in sukuk issuance in 2021 – S&P Ratings

The global volume of Islamic bond, or sukuk, issuances is projected to rise in 2021 following an expected market and economic recovery in core Islamic finance countries, according to S&P Global Ratings.

The total volume of sukuk transactions in 2021 will likely climb to between $140 billion and $155 billion after falling year over year to $139.8 billion in 2020 from $167.3 billion in 2019, the rating agency said in a report. The drop in 2020 upended four years of annual growth from 2015 when total issuances amounted to $59 billion.

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