Sukuk issuances surpass USD100 bln mark worldwide -- KFH

The global primary sukuk market issuances have cumulatively surpassed the milestone of USD100bln in the first ten months of 2014, said a monthly KFH report on Friday. The pipeline in the last two remaining months of 2014 is robust as the likes of the Government of Pakistan, Government of Tunisia, Dubai and corporate institutions in many countries have plans to tap the sukuk sector within the next few weeks. Overall, 2014 has become the third consecutive year when annual primary market issuances have surpassed the monumental USD100bln mark, said the report. The fourth quarter of 2014 (4Q14) has begun with a modest performance as October recorded a monthly issuance volume of USD8.27bln.