United Arab Emirates:
Upbeat Sukuk Market Set For Continued Growth
26 November 2021
Maples Group
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Sukuk issuances remain buoyant across the Middle East, in an
increasingly active market, as Gulf Cooperation Council economies
re-emerge from the COVID related slowdown and a period of lower oil
prices. According to the International Islamic Financial
Market, 2020 was a record year for sukuk. There were US$174.6
billion issued globally, which was an increase of 19.86%, propelled
by economic stimulus packages from issuing governments and the
improved global economic backdrop. The positive track has continued
so far in 2021 and expectations point to stability in the market at
these elevated levels.
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