Published: Monday July 2, 2012 MYT 2:54:00 PM
Global sukuk market size hit US$20.5b in H1 of this yr
By Liz Lee
KUALA LUMPUR: The global sukuk market size hit US$20.5bil for the first half of this year, up 36.7% from US$15bil at June 2011.
The sukuk market is also on target to reach US$44bil at year end, encouraged by more sukuk issuance for growing markets.
"The global liquidity pool is moving away from more risky markets to safer, more growth-orientated markets so you will find that the liquidity will now chase asset growth in Middle East and Asia," he said after launching the Wisma UOA II HSBC Amanah branch.
He added that the liquidity shift to Middle East and Asia has created a price tension among industries.
"Pricing has become more attractive and people are going out to issue sukuk. Last year, we finished the sukuk market at US$37bil, this year it will grow to US$44bil," Rafe said.