17.05.2011 - Persian Gulf banks lead return to Sukuk market
Sharjah Islamic Bank will meet investors this week with plans to sell about $500m of sukuk (Islamic bonds) as a scarcity of offerings drives down borrowing costs for banks to record lows in the Persian Gulf. Sales of Islamic bonds from the six- member Gulf Co-operation Council (GCC) slumped 58% to $ 964m so far this year, compared with the same period last year, Bloomberg data show..............................................Full Article: Source
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