Sukuk issuance in Saudi Arabia will pick up in 2012 after being buffeted by global economic worries, with a benchmark deal from a sovereign or large corporate name helping to drive momentum, the chief investment officer of NCB Capital said.
Faysal Badran told the Reuters Middle East Investment Summit that the pipeline of Islamic bonds in the Kingdom was decent but the European debt crisis and geopolitical uncertainty was keeping potential issuers on the sidelines………………………………………..Full Article: Source