26.03.2012 - Sukuk issuance to reach $44 bln this year: Regional head, HSBC
Mohammad Al-Tuwaijri, regional head of global banking and markets at HSBC in the Middle East and North Africa (MENA): "Sukuk is an asset class, which is firing on all cylinders. Last year saw a record volume of issuances and this year, we expect the market to hit another high. Globally, we think we’ll see an increase of 66 percent in sukuk issuance this year to $44 billion. MENA, which is also set for a good year, should contribute 32 percent, or $14 billion, of issuances." "What is going to fuel this strong performance is the abundant liquidity, which is looking for Islamic homes. If you set this against a historically limited supply and the euro zone debt credit, you’ll see why we are so bullish."..............................................Full Article: Source
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