Global sukuk record unlikely as 1Malaysia delays US$2.4b sale

Kuala Lumpur

GLOBAL Islamic bond sales look set to miss out on a record year after Malaysia's sovereign wealth fund postponed what would have been 2014's biggest offering. The top underwriter is also cautious over the coming year.

Issuance to date is US$2.1 billion shy of the unprecedented US$46.8 billion in 2012 and more than last year's US$43.1 billion total, data compiled by Bloomberg shows.