The Sukuk market performed strongly in the first half of 2017, but doesn't augur an enduring trend. Issuance increased by 37.7 per cent in the first six months of this year, compared with the same period of 2016, underpinned primarily by the jumbo issuances of some Gulf Cooperation Council (GCC) countries' governments. What's behind the surge? Sovereign issuers turned to Sukuk as they had time on their side, wanted to diversify their investor base, and to benefit from the good liquidity conditions in local and global financial markets.
Monday 19, June 2017 by