07.08.2012 - Record ringgit sukuk sales forecast
Malaysiaís top sukuk arrangers are predicting domestic sales in 2012 will surpass last yearís all-time high as record-low borrowing costs and the governmentís $444 billion (Dh1.63 trillion) spending programme drive issuance. Offerings of ringgit notes reached 30.8 billion ringgit ($36.03 billion) this year, compared with 75.6 billion ringgit ($88.43 billion) in 2011. CIMB Islamic Bank Bhd., the second-biggest debt manager in the past seven months, has 15 billion ringgit ($17.55 billion) of deals in the pipeline, according to Chief Executive Officer Badlisyah Abdul Ghani...............................................Full Article: Source
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