Fitch's sukuk warning for Turkey: Liquidity lags behind global average

Fitch Ratings said liquidity scores for Turkish sukuk (lease certificates) have fallen to around 50, dropping below the low seen in March and trailing the global average of 62 even as liquidity recovers elsewhere in the global sukuk market. The rating agency’s assessment highlights a widening gap between Turkey’s Islamic bond market and broader global sukuk conditions, a signal for issuers and investors weighing funding costs and secondary-market tradability. Fitch did not specify a single cause in the reported figures, leaving market participants to watch whether Turkish sukuk liquidity scores stabilize above the March trough or extend their decline in the next update.