Global outstanding sukuk market hits $823bn in Q3 2023
The growth in outstanding sukuk is attributed to several factors that are driving the issuance including diversification of funding options.
Source: gulfbusiness.com
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Global outstanding sukuk market surges to $823bn by Q3
A sustained uptrend is seen in global sukuk issuance with the market soaring to $823 billion at the end of Q3, thus reflecting a robust 9.8% annual growth, said a report. Of this, 40% was issued by Malaysia, 28% by Saudi Arabia and 13% by Indonesia.
Source: tradearabia.com