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Global sukuk issuance surged 54% in 2012
- Middle East: Wednesday, January 16 - 2013 at 07:14
Kuwait Finance House-Research has said the total of sukuk issuance by end of 2012 has reached $131bn with 54% increase than 2011, where total sukuk issuance in December reached $8bn with a 61% increase compared to last year, Saudi Gazette has reported. A total of 55 sukuk were issued in December versus 55 sukuk in November and 72 in October. Malaysia took the top spot among sukuk issuing countries, followed by Saudi Arabia, the UAE, and Indonesia. Governments remained the largest issuer type, representing 70.1% during December, while there were a number of significant issuances also issued in the financial services sector, the report said.
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