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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Best year yet for Gulf Islamic bonds

Posted on 13 July 2012

Qatar’s sale of a US$4 billion (Dh14.69bn) sukuk has made this year the Arabian Gulf’s best ever for sales of Islamic bonds - with five and a half months still to go until the end of the year.
Investment banks have funnelled cheap credit towards the Gulf in an effort to make up for declining fee income and maintain relationships with big corporate clients. Gulf borrowers have raised $17.4bn this year, led by sovereign sukuk sales from Saudi Arabia, Qatar and Dubai, according to Bloomberg data………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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