Get Ready for Corporate Sukuk Boom After Sovereign Rush

The busiest year on record for sovereign Islamic bond sales is poised to be eclipsed as a revival in corporate issuance takes hold in 2015. Companies in the U.K. and Hong Kong may be among those selling sukuk this year as they follow debut issues from their governments. Corporates in the Gulf Cooperation Council will be encouraged to tap the market as bank liquidity and credit conditions deteriorate amid declining oil prices. Besides, decreasing bank liquidity and demand for public debt will make sukuk issuance more attractive for GCC corporate borrowers this year.