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 says a report titled “Sukuk Are Surpassing Conventional Bond Issuance in the Gulf Countries as Yields Tighten,” published by Standard & Poor’s Ratings Services.
Sukuk issuance in Gulf Cooperation Council countries (GCC) - comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates - has reached a record high this year, propelled by positive developments in the region’s economy and capital markets………………………………………..Full Article: Source