22.03.2012 - GCC private sector could follow banks into Islamic bonds
Growing trade in Islamic bonds in the Gulf region this year could be driven further by increased private sector interest in Sukuk on the back of strong activity by banks, the 51st ACI Financial Markets World Congress will be told in Dubai this weekend. Nick Stadtmiller, Head of Fixed Income Research at Emirates NBD, said over $6 billion of Sukuk have been sold by GCC entities so far in 2012 compared to issuance of $7.3 billion for all in 2011, with the UAE’s Majid Al Futtaim Group paving the way for more private sector involvement in Islamic finance through its recent Sukuk sale...............................................Full Article: Source
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