15.02.2012 - Islamic finance: Has the Sukuk marketís time come?
Issuance of Islamic bonds, or sukuk, had a record year in 2011. This year looks set to be even better. Issuance volume last month was more than three times as high as in January last year, according to Dealogic. One good example from last month was the biggest-ever sukuk from Saudi Arabia: a SAR15 billion ($4 billion) 10-year deal for the General Authority for Civil Aviation, led by HSBC Saudi Arabia. This was the first government-backed sukuk in the Kingdom. It will be used to finance an expansion of Jeddah airport, a hub for pilgrims to Mecca and Medina...............................................Full Article: Source
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