The Republic of Turkey Under Secretariat of Treasury issued a 1.8 Billion Lira Sukuk yesterday, ending a quiet February for sukuk issuances. The International Islamic Liquidity Management had also announced earlier this week that it intended to issue sukuk next week as part of its regular sukuk issuance program.

Sukuk issuances have been dropping off since late November 2014 due to uncertainty surrounding created by the falling price of oil as well as postponements of intended sukuk issuances by corporations in Malaysia.