GCC Sukuk issuances by volume declined 52% y-o-y to USD2.08bn in January 2015.

GCC Sukuk issuances by volume declined 52% y-o-y to USD2.08bn in January 2015.

Sukuk issuances by volume declined 52% year on year to USD2.08bn in January 2015; however, the value increased by USD1.93bn from the earlier month. Issuances in terms of volume in January 2015 were more or less equally split between sovereign (52%) and corporate issuances (48%). There were four sovereign issuances from the Central Bank of Bahrain (worthUSD1.08bn) and one large corporate issuance from the Dubai Islamic Bank (worthUSD1bn).

Download Rasameel- 2015 Rasameel GCC Market Update Jan 2015.