Growing trade in Islamic bonds or sukuk in the Gulf region this year could be driven further by increased private sector interest in sukuk on the back of strong activity by banks.
More than $6 billion of sukuk have been sold in the GCC so far in 2012, compared to issuance of $7.3 billion for all in 2011, with the UAE’s Majid Al Futtaim Group paving the way for more private sector involvement in Islamic finance through a recent sukuk sale, according to Emirates NBD head of fixed income research Nick Stadtmiller………………………………………..Full Article: Source