Sovereign sukuk

Sovereign Sukuk: Current Status, Opportunities & Challenges

This article was originally published in Islamic Finance News Innovation in Islamic finance, large-scale capital needs to fund infrastructure investments, and a slump in traditional revenue streams among oil-exporting Islamic countries has spurred Sukuk issuance in the recent past. Sovereign sukuk, which arrived in the global arena nearly two decades back, has firmly established its presence and accounts for the majority of Sukuk issuance. Growth in Islamic finance underpinned by Sovereign Sukuk issuance Islamic finance has continued to prosper and...