16.01.2012 - GCC Sukuk market shows signs of revival
The consensus seems to be universal that the outlook for the sukuk market in 2012 is bright. While Malaysia and Southeast Asia seems to be setting the pace, there are signs that the sukuk sector in the Gulf Cooperation Council (GCC) markets and a few fellow MENA countries such as Turkey are showing a rebound, with Saudi Arabia and the UAE offering the best potential. Sukuk structuring experts such as Mohamad Safri Shahul Hamid, a senior executive of CIMB Islamic Bank, stress that the (Malaysian) ringgit sukuk market will continue to dominate with several mega issuances to fund infrastructure development activities and programs...............................................Full Article: Source
Print