Outstanding sukuk volumes have exceeded $800 billion for the first time in second quarter, according to Fitch Ratings. However, issuance is expected to slow in the third quarter coinciding with summer vacations in many countries, before picking up pace in the very next quarter.
The sukuk issuance in core markets reached $49.1 billion in Q2, up 10% quarter-on-quarter (q-o-q) while bond issuance fell by 4.8%, it stated.