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

Qatar sukuk sale driven by yields, economic growth

Posted on 15 May 2012

Qatar and Dubai Islamic Bank are planning to tap the Islamic bond market as a scarcity of Shariah-compliant securities and economic growth in the oil-rich region keep benchmark yields near eight-month lows.
Borrowers in the Gulf plan to sell as much as $6bn of dollar-denominated sukuk, which pay asset returns instead of interest, in the next month, data compiled by Bloomberg show. Sales of the debt are already off to a record start of $9.7bn………………………………………..Full Article: Source

 
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