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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Persian Gulf banks lead return to Sukuk market

Posted on 17 May 2011

Sharjah Islamic Bank will meet investors this week with plans to sell about $500m of sukuk (Islamic bonds) as a scarcity of offerings drives down borrowing costs for banks to record lows in the Persian Gulf.
Sales of Islamic bonds from the six- member Gulf Co-operation Council (GCC) slumped 58% to $ 964m so far this year, compared with the same period last year, Bloomberg data show……………………………………….Full Article: Source

 
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