| Saudi Arabia raised approximately $6.4 billion through sukuk (Islamic bonds) in the first quarter of 2012, making it the largest sukuk issuer in the said period as the Kingdom surpassed the United Arab Emirates which chalked up only $1.9 billion in the same period, Zawya said in a quarterly bulletin.
In total, sukuk issuances in the first quarter doubled to reach a record $43 billion worldwide — nearly half of the whole of 2011, Adnan Halawi, Team Leader Fixed Income at Zawya, said...............................................Full Article: Source
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