ESG Sukuk Issuance Surges Despite Market Volatilities

ESG-linked sukuk, or Islamic bonds, are emerging as significant funding tools in Muslim-majority countries, with growing support from supranationals, sovereigns and government-related entities. In 2022, the volume of outstanding ESG sukuk expanded by 11.2% quarter-on-quarter to reach $19.3bn, with $4.3bn issued in H122. Fitch now rates more than 80% of the hard-currency ESG sukuk market, […]