The UAE is ranked third globally in sukuk issuances

The latest bonds, loans and sukuk Middle East conference provided us with many insights into the latest trends surrounding the capital markets.

Recent data compiled by the International Islamic Financial Market (IIFM) has revealed that the total sukuk issued globally between 2001 and 2015 reached a staggering $767 billion (Dh2.82 trillion). Around 96 per cent of the issuances originated in the GCC region and Asia, with the two regions contributing 22 per cent and 74 per cent, respectively. Malaysia led the global list of countries for the highest outstanding sukuk issuances (57 per cent), followed by Saudi Arabia (16 per cent), the UAE (10 per cent) and Indonesia (six per cent).

Given the context, why are sukuk issuances becoming more popular in our region? And of what benefit is sukuk to investors?

Source: Khaleej Times