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Appetite for Sukuk surges across the Gulf this year

Posted on 03 January 2012

Companies and governments in the Gulf sold Islamic bonds this year at the fastest clip since 2007, underscoring a trend where borrowers are seeing more appetite for their debt among regional investors in the wake of the sovereign-debt crisis sweeping Europe.
Sales of Islamic bonds, or sukuk, by Gulf issuers reached US$7.3 billion (Dh26.81bn) this year, according to Bloomberg News data. That was 62 per cent higher than last year and the largest amount of Islamic debt on offer in four years………………………………………..Full Article: Source

 
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