Turkey to Increase Sukuk Issuance Owing to Weak Foreign Investment Trends
In an attempt to compensate for declines in foreign investment in Turkey, the country is looking to ramp up the issuance of Sukuk. However, the negative effects of COVID-19 together with concerns surrounding Turkey’s economic policy have seen demand for Sukuk dampened. Why it Matters? In 2019, 8.7% of global Sukuk sales were attributed to Turkey, totaling USD 135 billion. In 2020, the country doubled its issuance. However, competition to attract investors in 2021 will be intense; innovative and diverse issuances such as green, sustainable, transit...
IM Insights
| April 27, 2021