Citing worldwide sukuk issuance of $13.7 billion in the first half of this year, just shy of a two-fold jump on the $7.1 billion registered in the initial six months of 2009, Standard & Poor’s Ratings Services examines current and future sukuk market growth trends in a new report published today, “Sukuk Issuance Is Up And Running, But Will The Climb Continue Apace?”
“On the heels of the sukuk market’s sharp upturn as of midyear 2010, we foresee sustained growth for the second half, given issuers’ interest in tapping the market, both in historical locations like Asia, especially Malaysia, and in other regions newer to sukuk,” said Standard & Poor’s credit analyst Mohamed Damak……………………………………….Full Press Release: Source