Global sukuk faces more challenges in 2016

CIMB Group Holdings Bhd, the top sukuk arranger worldwide for seven of the last nine years, predicts a pick-up in 2016 to at least US$40bil from 2015

KUALA LUMPUR: As global Islamic bonds languish in the bleakest year for sales since 2010, the next 12 months look just as challenging.

Malaysia’s CIMB Group Holdings Bhd, the top sukuk arranger worldwide for seven of the last nine years, predicts a pick-up in 2016 to at least US$40bil from 2015’s US$34.5bil.