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

Saudi Sukuk double on spending

Posted on 04 August 2010

From Saudigazette.com.sa: Saudi Arabian real estate and energy companies are leading Islamic bond sales from the Gulf as the Kingdom’s $400 billion stimulus plan, the biggest among the Group of 20 nations, boosts spending.
Sukuk from borrowers in the largest Arab economy may more than double to $4.5 billion this year from $2.1 billion in 2009, as a “scarcity” of local notes that comply with the religion’s ban on interest bolsters demand from local banks, according to HSBC Saudi Arabia Ltd……………………………………….Full Article: Source

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