Global Sukuk issuances off to a sluggish start in 2020
March 03, 2020 | Updated at March 03, 2020
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Email Global Sukuk issuances were at USD 4 billion in the first quarter of 2020, led by major issuers: Qatar Islamic Bank, National Bank of Kuwait and Federation of Malaysia.
In comparison, global Sukuk issuances in the first quarter of 2019 was much higher, exceeded USD 18 billion.
Sukuk issuances across the Gulf Cooperation Council (GCC) surpassed USD 2.8 billion in the first quarter of 2020, compared to over USD 5.2 billion issues in the quarter ended March 2019.
Investors were attracted to comparatively high returns offered by the GCC region in 2019, as central banks globally cut rates to manage uncertainty arising from the US-China trade war.
