Rating’s Post

Saudi Arabia’s #sukuk market is on the rise! August 2024 alone saw $1.6B in sukuk issuances as part of Vision 2030’s transformative goals. With stable rates and high financing needs, local issuance is set to grow further.   Check out our report on Sukuk: https://lnkd.in/em7KUPZQ

Global Sukuk Outlook 2025: Key Insights Azimut Middle East latest report highlights a promising trajectory for the Global Sukuk market in 2025 (full report here: https://lnkd.in/dvBY3_gS) In this report, Faisal Ali argues that despite geopolitical uncertainties and elevated oil price volatility, the market is poised for sustained growth driven by record issuance volumes, especially from Saudi Arabia. The Kingdom’s ambitious economic reforms, focused on diversification and infrastructure development, are creating significant opportunities. With strong fiscal buffers and attractive credit profiles, GCC issuers remain resilient, while increased investor interest in Saudi local currency bonds underscores confidence in the region’s transformation. Fixed-income investors can look forward to a constructive environment amid global economic shifts. #SukukMarket #InvestmentOutlook #Azimut #geopolitics #globalsukuk #ksa #oil #fixedincome #outlook Maroun JALKH Stephane M. Vijay Sekhar Andrew Ang

The global #sukuk market has almost #trebled in eight years because the #assetclass has proven resilient amid market turmoil, Jaco Visser writes. The global value of outstanding sukuks was $870bn in 2023, up from $490bn in 2019. #alternativeinvestments bfinance Rickey Thevakarrunai, CFA https://lnkd.in/d7hfRD2Z

📈💼𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗦𝘂𝗸𝘂𝗸 𝗼𝗻 𝗿𝗶𝘀𝗲 𝗶𝗻 𝗙𝗶𝗿𝘀𝘁 𝗛𝗮𝗹𝗳 𝗼𝗳 𝟮𝟬𝟮𝟰 🌍 Cbonds is delighted to share the newest edition of our Sukuk Report, a statistical analysis of global sukuk issuances. The volume of new issuances in 1H 2024 increased by 34 year-on-year reaching 203.8 bln USD. The average issue size also grew by 11% compared to the 1H 2023. It remains to be seen whether there will be a spike in the issuances in the second half of the current year which was the case in 2023. With over 27 bln USD in new issuances in 1H 2024 Saudi Arabia is the main driver behind the overall increase. Malaysia and Kuwait taking 2nd and 3rd places have borrowed less than half of the 2023 amount whereas Saudi Arabia has already surpassed a 75% threshold. Corporate sukuk prevailed in the issuance structure with a share of 58% (up from 57% in 1Q 2024). Contrastingly, in 2022 and 2023 the placements were dominated by sovereign sukuk (76% and 60%). It indicates a long-term trend of the sukuk market's growing appeal to corporate issuers. As for the less common geographies, South Africa has seen the first Sukuk issuance in almost two years as Agrarius Sustainability Engineered reentered the market remaining the only company in the country with outstanding Sukuk. #sukuk #islamicfinance #islamicbanking #fixedincome #bonds #saudiarabia #malaysia #kuwait #cbonds

Get the latest performance update on the sukuk indices tracking the Saudi Arabian fixed income markets. https://okt.to/ON5dbm

GCC bond/sukuk issuances continued to exceed expectations with record issuances during 1H-2024 at USD 113.7 Bn, almost double vs. 1H-2023 and more than full year issuances in 2023. Read more: https://lnkd.in/dXcu7-8X

My story on Forbes Middle East. Global #sukuk issuance is expected to reach between $160 billion and $170 billion by year-end, thanks to higher financing requirements in several core Islamic finance countries and improved visibility on rate trajectory, according to S&P Global ratings.

30 September 2024 - We bring you the latest news related to Malaysia's Bond & Sukuk. Let's take a look at today's highlights: • Malaysian Rating Corporation Berhad (MARC Ratings) assigns preliminary ratings of AA-IS/MARC-1IS to SIBS’ proposed RM3.0 billion IMTN/ICP programmes • RAM Group (RAM Ratings) affirms SMJ Energy’s AAA sukuk ratings • US yields retreat as August inflation moderates Head on to www.bixmalaysia.com for more info. #malaysiabond #malaysiasukuk #bond #sukuk #fixedincome #News #Newsupdate #BIXMalaysia #BIX #investing

Global sukuk issuances reached $91.9 billion during the first six months of 2024, up slightly from last year’s $91.3 billion, stated S&P Global in its latest report. The agency stated that it is also maintaining its global sukuk issuance forecast at about $160 billion-$170 billion following the market’s good performance during the first half (H1) of 2024. However, the agency reported a notable difference during H1, which is the 23.8% increase in foreign currency issuances that reached $32.7 billion by June 30, 2024, up from $26.4 billion a year earlier. The main contributors to this increase were issuers from Saudi Arabia, the UAE, Oman, Malaysia and Kuwait. Read more: https://lnkd.in/dKvfpjTx #Sukuk #GlobalSukuk #MarketNews

"Saudi Arabia-led Gulf Cooperation Council (GCC) and Southeast Asia will drive sovereign sukuk issuance volumes to exceed 2023. It is expected that the global sukuk issuance volumes in 2024 to exceed 2023 and range between $200 and $210 billion, up from just under $200 billion” -Moody's Ratings https://lnkd.in/dPNFZ7Bh #Sukuk #Capitalmarkets #Islamicfinance #Shariahcompliant