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Global sukuk issuance to drop in 2023 as GCC economies thrive

Global sukuk issuance will decline for the third consecutive year to between $150 billion and $160 billion in 2023, from $178 billion last year, as key GCC sovereign issuers are witnessing stronger fiscal positions, according to a new report by Moody’s Investors Service.

The decline will be driven by lower volumes from key sovereign issuers in the Gulf Cooperation Council (GCC) and Southeast Asia, directly stemming from ongoing improving fiscal positions.

Link:  https://www.zawya.com/en/islamic-economy/islamic-finance/global-sukuk-issuance-to-drop-in-2023-as-gcc-economies-thrive-loz64di4

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