Arab News, Tuesday, Jul 05, 2022 | Zul Hijjah 6, 1443
Global sukuk issuance drops to $74.5bn in H1
Saudi Arabia:
Global sukuk issuance dropped to $74.5 billion in the first half of 2022,
compared to $93.3 billion during the same period in 2021, according to a report
issued by S&P Global Ratings.
The rating agency predicted that shrinking global
liquidity, increasing complexity related to regulatory standards, and lower
financing needs in some core Islamic finance markets could hold back the
issuance for the remainder of the year as well.
The report further estimated that global sukuk
issuances for 2022 will be about $130 billion compared to 147.4 billion in 2021.
In January, S&P predicted that sukuk issuance
volumes in 2022 will not grow significantly as global interest rates rise and
funding needs for Gulf economies fall.