The Gulf has begun the year with record levels of sukuk sales, with funds raised so far this quarter already surpassing the region’s pre-crisis peak. Gulf sukuk sales totalled US$5.69 billion (Dh20.9bn) during the first six weeks of the year, according to data from Bloom-berg, higher than any quarter on record.
Companies in Middle East had built up a sizeable backlog of issuances as wholesale funding markets froze during the Arab Spring and the European sovereign debt crisis, forcing the cancellation or postponement of several planned sales………………………………………..Full Article: Source