Syndicated Financing Appear More Attractive to Islamic Countries than Sukuk: S&P Global Ratings

Loan syndications seem to be the financing mode of choice for core Islamic market players in countries such as Malaysia, Turkey, and the Gulf Cooperation Council, with Islamic syndicated loan facilities slightly outperforming the Sukuk market in 2020, according to S&P Global Ratings (S&P Global).

Whilst majority of the USD 50.1 billion syndicated deals secured in core Islamic markets during the first half of 2020 remain conventional, Mohamed Damak, Senior Director and Global Head of Islamic Finance, Financial Services Research, S&P Global, noted that Islamic syndications could complement traditional financing options. According to S&P Global, Islamic countries gravitate towards conventional financing dur...