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GCC sukuk activity rebounds

Posted on 04 November 2010

From Khaleejtimes.com: In November, the UAE witnessed $750 million sukuk by one of the country’s largest Islamic financial institutions. Abu Dhabi Islamic Bank, or ADIB, issued $750 million sukuk - part of its $5 billion sukuk programme. This benchmark sukuk will be listed on the London Stock Exchange.
“Data from Zawya Sukuk Monitor shows that sukuk in the GCC is back on track and the rest of the world is warming up to the benefits of Islamic bonds,” said Adnan Halawi, Senior Sukuk Analyst, Zawya. “October was marked by diversity of issuing countries with major issues from Qatar, Saudi Arabia, Malaysia and Indonesia.”………………………………………Full Article: Source

 
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