| Sukuk issues in Gulf hydrocarbon producers nearly tripled in the first nine months of 2011 as their economies continued to recover and the private sector is gaining pace, according to an economist in Saudi Arabia.
From around $7.6 billion in 2009 and $6.1 billion in 2010, funds raised through sukuk in the six-nation Gulf Cooperation Council (GCC) soared to nearly 17bn in the first nine months of 2011, said Jarmo Kotilaine, chief economist at National Commercial Bank (NCB), Saudi Arabia's largest bank..............................................Full Article: Source
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