Sukuk issuance will be flat or slightly lower this year, as higher oil prices have reduce sovereign funding needs in Gulf Cooperation Council (GCC) countries1. We expect total gross short- and long-term sukuk issuance in 2021 to reach between $190 billion and $200 billion after a record $205 billion in 2020. Nevertheless, the year started strongly with some $102 billion in sukuk issued in the six months to June 2021, up from $99 billion in the same period of 2020.....