GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits

Sukuk issuances across GCC and key Islamic finance markets will moderate in 2021 as fiscal deficits decline amid higher oil prices, lower coronavirus-related expenditures and accelerating economic activity according to rating agency Moody’s. “Following a record year in global long-term sovereign sukuk issuance driven by the extraordinary increase in gross…