Despite the hurdles posed by the Covid-19 pandemic, which disrupted the market in March 2020, Islamic finance activity returned as companies and sovereigns look to raise capital and achieve investor diversification.

Sukuk issuance has remained robust, reaching around US$157.8 billion at the end of 2019. With new markets opening up for GGC (Gulf Cooperation Council) issuers in the form of Formosa bonds, and ESG (Environmental, Social and Governance) playing a bigger part in sukuk issuance considerations, Islamic finance will continue to evolve and expand.

As part of The Asset’s coverage on Islamic finance, we are pleased to invite you to view this year’s Islamic finance virtual awards ceremony that will feature the institutions and deals that made a difference in 2019.