Sukuk Market Activity Picks Up

The Sukuk market appears to be waking up after a slow return to activity following Ramadan.

The following domestic currency Sukuk have been issued over past few days, and have been added to the Sukuk database: Kuveyt Turk 2016, Brunei Darussalam January 2016 and National Shipping Company of Saudi Arabia (Bahri) 2022.

Also see the Sukuk weekly catch-up on IslamicFinance.com where RHB discuss the market ending up last week. Interesting to see fuel subsidies on gasoline and diesel to be abolished by 24% and 29% respectively effective 3rd August in UAE as it attempts to fill a 50% plunge in government revenue due to the falling oil price.