USD43bn sukuk in 1Q12 could translate into USD120bn in 2012
Zawya's quarterly sukuk bulletin reveals USD43bn of sukuk were sold in 1Q12 and forecasts a record 2012 with at least USD92bn. Zawya's fixed-income analyst Adnan Halawi looks at the impact of Saudi Arabia's entry into this market.
ZAWYA
April 3, 2012
04 April 2012 Redistribution of Islamic assets within MENA Saudi sukuk eats into Malaysia's share Egypt and Hong Kong seen rising
Global Sukuk Review - March 2012
Sukuk issuance in the first quarter of 2012 exceeded all expectations reaching a record USD 43 billion globally, according to data compiled by Zawya's Quarterly Sukuk Bulletin for 1Q 2012. This is almost double the average amount of sukuk issued in any given quarter of the past year, and half the amount issued throughout 2011.
The best-case scenario suggests sukuk issuance could reach USD 126 billion this year and will be at least as good as last year's USD 85 billion, according to Zawya's global sukuk forecast.
