Sukuk issuance to stop growing for first time in five years - Moody's

Global sukuk issuance will be flat or slightly lower this year after five straight years of strong growth as higher crude prices have reduced oil-rich Gulf governments' financing needs.

The expected volume is despite issuance increasing in the first half of the year by 3% to $102 billion, driven by sales from Malaysia and Indonesia. Issuance volume in Southeast Asia, which made up more than half of total issuance in the first half, increased 22% while in the Gulf it declined 19%.

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