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