Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of bonds, as a source of funding in coming quarters, Standard & Poor’s Ratings Services said Monday in its report titled “Sukuk Are Surpassing Conventional Bond Issuance in the Gulf Countries as Yields Tighten”.
Sukuk issuance in Gulf Cooperation Council countries (GCC) has reached a record high this year, propelled by positive developments in the region’s economy and capital markets………………………………………..Full Article: Source