Moody's sees global sukuk issuance rising to US$130b

“While the green sukuk market is in its infancy, we expect issuance to accelerate as efforts to combat climate change gain traction, building on initial green sukuk transactions in Malaysia and Indonesia,” Moody's said.

KUALA LUMPUR: Moody's Investors Service expects total sukuk issuance of around US$130bil in 2019, at the top end of the US$120bil to US$130bil range it projected at the beginning of the year.

In its sector report issued on Wednesday, the rating agency expected this to increase by 5.7% from US$123 billion in 2018.