Sukuk issuances beat 2019 record, fueled by COVID-19 crisis

Total sukuk issuances worldwide set a new record during 2020, reaching a total of $172.1 billion, compared to $169.1 billion issued in 2019, according to global data provider Refinitiv.

Sukuk issuances saw strong momentum during the first nine months of 2020 as COVID-19 lockdown measures and a crash in oil prices prompted a ramp-up in sovereign issuance in key sukuk markets. This was to finance sweeping stimulus packages aimed at alleviating the economic impact of the pandemic.

Read more here