IFIS releases H1 2010 Global Sukuk Market Report‎

CPI Financial:Despite the rebound, however, global Sukuk issuances were still down on the record set in H1 2007 of $24 billion, according to a report by London based IFIS (Islamic Finance Information Service). Southeast Asia continues to dominate the Sukuk market with issuances worth $17.35 billion in H1 2010 compared to $8.89 billion in H1 2009 and $4.5 billion in H1 2008.

Malaysia topped the issuer countries in terms of the amount and the numbers of issuances with 310 issuances worth $15.4 billion, followed by Indonesia with 16 issuances amounting to $1.75 billion. The GCC Sukuk market recorded zero issuances on the corporate level, and only one Quasi Sovereign issuance for Saudi Electricity.

IFIS says dollar-denominated Sukuk issuances increased by 29 per cent to $2.72 billion while the top currency was the Malaysian Ringgit (MYR), accounting for about 84 per cent of total domestic issuances and 69.6 per cent of total issuances in H1 2010...continue