The USD 214 billion global sukuk industry is witnessing unprecedented growth, complemented and triggered by diversification, Adnan Halawi, leader of the Fixed Income Team at business and financial intelligence company Zawya, said.
Data from Zawya Sukuk Monitor shows that South East Asia accounts for 70% of the market, topped by Malaysia, while the GCC accounts for 29% of the market with the momentous entry of Saudi Arabia in 2011. While other countries are expected to join the club of issuers, Halawi forecast 2012 issuance of sukuk would be at least as good as last year’s USD 85 billion, and in the best scenario to exceed USD 125 billion………………………………………..Full Article: Source