Outstanding sukuk volumes exceed RM3.7 trillion in 2Q23

Outstanding sukuk volumes exceeded US$800bil (RM3.67 trillion) in the second quarter of 2023 (2Q23) but Fitch Ratings is expecting issuance to slow in 3Q23, coinciding with summer vacations in many countries, before picking up pace in 4Q23.

Sukuk issuance in core markets of the Gulf Cooperation Council, Malaysia, Indonesia, Turkiye and Pakistan (including multilaterals) reached US$49.1bil (RM225.6bil) in 2Q23, up 10% quarter-on-quarter (q-o-q) while bond issuance fell by 4.8%.
 

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