From Btimes.com.my: Plans by Saudi Arabia, Malaysia and Qatar to spend almost US$1 trillion on development projects over the next decade will overwhelm the amount banks can provide in loans, reviving sales of sukuk, according to HSBC Holdings Plc and BNP Paribas SA.
At least US$3.9 billion of Islamic bond sales announced this year will fund the building of oil refineries, steel mills and petrochemical plants, according to data compiled by Bloomberg……………………………………….Full Article: Source