Islamic Finance News
March 2017
While it is now abundantly clear that the Sukuk market has failed to realize the predicted surge in sovereign Sukuk issuances following the drop in the prices of oil in 2014, when it was assumed that oil revenue-dependent GCC
countries would rush to the Sukuk market in order to fill shortfalls in their spending budgets, the current Sukuk market still presents a mixed picture. Against the backdrop of the current uncertainty in the Sukuk market, Rahat Dar looks at some of the likely drivers, challenges, and prospects for UAE Islamic banks looking to issue Sukuk in 2017 and beyond.
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