Malaysia and Saudi Arabia Continue to Dominate Sukuk Market Issuance in 2021

Moody’s Investors Service (Moody’s) recorded that Malaysia and Saudi Arabia continued to dominate Sukuk market issuance with 37% and 29% of total issuances, respectively, according to its Quarterly EM Issuance Monitor -Fourth Quarter (Q4), 2021.

Why it Matters?

Increasing sovereign and corporate space activity has resulted in a rise of Sukuk issuances in the Emerging Market (EM) by around 8%, from USD 149 billion in 2020 to about USD 160 billion in 2021. Green Sukuk issuance has also offered significant potential for future growth, with Malaysia and Indonesia leading this space while Saudi Arabia recently gained more dominance.

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