Islamic sukuk (bond) market to continue growing in 2024 - S&P
According to the statistics published by the Standard & Poor's rating agency, in the first half of 2024, the total volume of sukuk issuance worldwide was 91.9 billion dollars . It is noted that there has been an acceleration in the issuance of Islamic sukuk bonds since the beginning of this year, with many government agencies and the private sector relying on this instrument to provide the liquidity needed to implement their plans.
According to the statistics published by the Standard & Poor's rating agency, in the first half of 2024, the total volume of sukuk issuance worldwide amounted to 91.9 billion dollars, Atalayar publication writes.
The volume of sukuk issuance slightly increased compared to the same period of last year and reached the value of 91.3 billion dollars. According to experts, sukuk issuance will accelerate even more in the second half of the year.
In the S&P report, it was noted that at the end of the first half of the year, the issue of sukuk in foreign currency increased significantly - by 23.8% and reached 32.7 billion dollars.
According to the report of the rating agency, the main contribution to this growth was attributed to the issuers of Saudi Arabia, the United Arab Emirates, Oman, Malaysia and Kuwait.
According to the data published earlier by Fitch Ratings, the volume of sukuk issued in the world in 2023 was about 850 billion dollars. 2024 AD According to S&P estimates, the volume of new sukuk issued is 160-170 billion, so the total size of this market may exceed 1 trillion dollars.
It is noted that since the beginning of this year, there has been an acceleration in the issuance of Islamic sukuk bonds, many government agencies and the private sector are relying on this instrument to provide the necessary liquidity for the implementation of their plans.
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