Jul 18 2010
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IFIS releases H1'2010 Global Sukuk Market Report
The report shows that South East Asia remain to denominate the sukuk market with issuances worth US$17.35 billion in H1'10 compared to US$8.89 billion in H1'09 and even US$4.5 billion in H1'08. Malaysia topped the issuer countries in terms of the amount and the numbers of issuances with 310 issuances worth US$ 15.4 billion, followed by Indonesia with 16 issuances amounting to US$ 1.75 billion. The GCC Sukuk market recorded zero issuances on the corporate level, and only one Quasi Sovereign issuance for Saudi Electricity.
According to the report released by IFIS, Sukuk issuances in US Dollar increased by 29%, a surge attributed to the rise in International issuances from US$1.4 billion in H1'09 to US$ 2.72 billion in H1'10. As for the currency denomination, Malaysian Ringgit was recorded as the number one currency in which Sukuk were denominated on the domestic level, accounting for about 84% of total domestic issuances and 69.6% of total issuances in H1'10.
On the Arrangers level, CIMB Group managed to regain its first position which it lost to AmInvestment BHD in H1'09. HSBC Group came in the second ranking with 15 issuances.
IFIS, Islamic Finance Information Service, www.securities.com/ifis is the pioneer dedicated online platform for the global Islamic Finance Industry. IFIS coverage is comprehensive and global, covering all news, research, analysis, ratings, regulations and events related to Islamic Finance. IFIS maintains Global databases on Islamic Bonds Market, Islamic Mutual Funds, Islamic Financial transactions, Islamic project Finance, Law firms in Islamic Finance and Shariah Scholars Database.
For more information please contact:
Business Development Manager
T: +44 20 7779 8850
F: +44 20 7779 8224
IFIS Team Head
T: +202 333 66 201
F: +202 333 83 398
© Press Release 2010
© Copyright Zawya. All Rights Reserved.
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