Moody's expects global sukuk issuance to moderate further in H2 at US$70-80bil

KUALA LUMPUR: Moody’s Investors Service sees global sukuk issuance activity moderating further in the second half of the year (H2) at around US$70 - US$80 billion with Malaysia continuing to dominate the sector.

"We expect Malaysia to continue to dominate global sukuk issuance, with issuance mostly denominated in local currency,” the rating agency said. "The Malaysian government's promotion of Islamic finance will encourage more corporate and financial institutions to turn to the sukuk market for funding and investments.”