S&P: Conditions will remain supportive for sukuk issuance in the second half of 2021

International credit rating agency Standard & Poor’s (S&P) predicted that market conditions with low interest rates and ample liquidity will continue to be supportive for sukuk issuance in the second half of 2021.

In the statement made by S&P, it was stated that most Islamic finance countries are expected to continue to vaccinate their populations and oil prices are expected to stabilize at around $65 per barrel for 2021.

In the statement, it was stated that these factors point to stronger sukuk market performance this year compared to 2020, and it was stated that it is believed that market conditions with low interest rates and abundant liquidity will continue to be supportive for sukuk issuance in the second half of 2021.

In the statement, it was noted that the issuance of sukuk, which was 139.8 billion dollars in 2020, is expected to reach the range of 140 to 155 billion dollars in 2021.

Reminding that the issuance of sukuk was 86.4 billion dollars in the first half of last year, it was announced that the sukuk issuance in the first half of 2021 was 90.6 billion dollars thanks to the issuances in Malaysia and Saudi Arabia.

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