S&P: Global sukuk market likely to undergo correction

KUALA LUMPUR: The global sukuk or Islamic bond market is expected to undergo correction for the next six to 18 months, said Standard & Poor’s (S&P). The total issuance of sukuk fell in the first half of the year by 12.5 per cent in contrast with the booming conventional debt as the oil exporting countries tapped the market to raise funding for spending. “The complexity and amount of time taken to make it fly, low oil prices and that 20 to 40 per cent of sukuk investors are fr