GCC leads decline in global sukuk issuance

The Gulf Co-operation Council (GCC) region led the decline in global sukuk issuances in the first half of this year, according to a study released yesterday.Global sukuk issuances continued to decline in the first half of this year, reaching $9.23 billion (Dh33.8bn) at the end of June 30, 20 per cent less than the same period last year, said London-based Islamic Finance Information Service (IFIS)