KFH-Research global outstanding sukuk reaches $61.2bn

p>A report issued by KFH-Research states that the global sukuk market has shown resilience this year given the volatility in global bond markets as market players react to positive economic growth prospects as well as concerns over monetary policy in the US. The report mentions that despite rising yields across the board, sukuk issuances have kept up momentum. On a monthly basis, the primary sukuk market in 2013 has outpaced the previous year every month since January 2013 except June 2013. Moreover, the report states that Malaysia held the largest market share of the primary market in 1H13 primarily due to the central bank issuances. The secondary sukuk market in Malaysia remained the largest, followed by Saudi Arabia, the UAE and Qatar. Growth in the secondary market over the first half of the year was driven by Turkey. The prospects for the sukuk market are expected to remain bright.

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