Global sukuk issuance rockets to $85bn in 2011

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Global sukuk issuance rose 90 percent in 2011

Global sukuk issuance rose 90 percent in 2011

Global sukuk issuance exceeded $85bn last year, more than 90 percent higher than the previous year, Kuwait Finance House Research Limited (KFHR) said on Friday.

Its monthly report on the Islamic bond market also said issuance during December fell below the average, hitting $5bn.

The report showed that sovereign issuance was the main catalyst for the sukuk market last year, making up $59bn, while companies' issuance reached $19bn.

The 2011 total to $85.1bn represented a year-on-year increase of 90.2 percent compared to 2010, KFHR added.

The global sukuk secondary market also reached an all-time high of $178.2bn by the year-end, a 24 percent increase on 2010, the report said.

On a monthly basis, December was a quiet month for issuances outside of Malaysia. However, the primary market still recorded a year-on-year increase of 0.7 percent.

The largest issuance for the month was the third issuance of the year for Pakistan Domestic Sukuk Company Limited which issues on behalf of the government. The $781.1m sukuk Ijarah was structured with a three-year tenure.

The vast majority of primary market issuances were domiciled in Malaysia with only one sukuk each arising from Pakistan and Bahrain, the report added.

Related:

Market Performance

Kuwait Finance House - Kuwait
820.0
20.0 2.5 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Capital plans: how Qatar's banks are shaping up

Capital plans: how Qatar's banks are shaping up

Ahli Bank chief executive Salah Murad says that despite competition...

The spectacular rise and fall of Arabtec

The spectacular rise and fall of Arabtec

The ups and downs of Dubai most heavily traded stock teaches...

1
MidEast investors eye $180bn overseas spending

MidEast investors eye $180bn overseas spending

Arab institutional investors have been buying up swathes of ...

Most Discussed