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Sudan has high hopes for Sukuk sale

Posted on 16 May 2011

Sudan is hoping to sell Sukuk worth S£765m ($286.5m), after the last issue did not go well. The government is aiming to issue S£3.6bn ($1.3bn) in 2011, but faces uncertainty stemming from the country splitting in two as the primarily Christian and Animist black south gains independence from the Muslim Arab north.
The south voted in January for independence and will split off in July, which is creating problems for the north, given that the majority of the country’s oil output comes from the south and makes up 90% of the country’s exports……………………………………….Full Article: Source

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