Dubai – Mubasher: The UAE’s sukuk issues are expected to reach AED 29.4 billion ($8 billion) this year, while the GCC nations are forecast to issue islamic bonds ranging between $47 billion and $48 billion, S&P Global Ratings said.
The Emirati sukuk issues amounted to AED 33.4 billion in 2018, compared to AED 3.7 billion a year earlier, the US-based rating agency added.
The UAE’s private sector is projected to issue the most of Islamic bonds, Mohamed Damak, the credit analyst at S&P Global, stated.
The demand for financing is also expected to rise in most of the GCC nations during this year, Damak added.
