Sukuk market growth dips thanks to high oil prices: Moody's
Published 07 Sep,2021 via Arab News - Economy - High oil prices have driven down demand in the sukuk market after 2020's record issuance, according to a report by finance company Moody's.
The US-based agency claimed that Gulf Cooperation Council governments are not needing to rely on the Sharia-compliant bonds to drum up cash thanks to the strong oil market.
Moody's said sukuk activity had been "solid" in the first six months of 2021, with some $102 billion worth of the bonds issued.
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