Malaysia and Saudi Arabia are expected to be the “twin engines” for the sukuk market growth.
KUALA LUMPUR: The global sukuk issuance is forecast to be around US$200bil (RM828.86bil) this year, supported by global appetite for green sukuk and new issuances from non-Muslim majority countries. The growth is expected to be led by Malaysia and Saudi Arabia.
Last year, global issuances rose 16.8% to US$152.6bil (RM631.76bil) compared with US$130.6bil (RM540.6bil) in 2019.
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