13.09.2012 - Surge seen in Islamic bonds as GCC nets over $19bln
The Gulf markets have garnered more than $19bn in debt through Islamic bonds, or sukuk, with infrastructure cornering 30% of the funds raised, according to global credit rating agency Standard and Poor’s (S&P). The agency also said sukuk could improve the capital structure and liquidity profiles of the companies in the GCC and Asia and develop Islamic finance. “The GCC market reached over $19bn of issuance as at July 2012, about the same as for all of 2011. Of that, infrastructure represented 30%, compared with just 7% the previous year, S&P credit analyst Karim Nassif said...............................................Full Article: Source
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