13.09.2012 - S&P sees growing use of GCC-Asia Sukuk to fund infrastructure
Several recent landmark corporate and infrastructure sukuk by companies in the Gulf Cooperation Council (GCC) issuing in Malaysian ringgit may signal the start of a trend that could help develop and globalize the market, Standard & Poor's Ratings Services said in a report published today, "Beyond Borders: The GCC And Asia Could Rev Up Their Economies--And The Islamic Finance Market." In an era when the world's conventional banks are producing fewer and shorter loans and companies are considering other options for finance, Standard & Poor's believes that Islamic financial instruments could become a key funding source, especially in the GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates) and Asia...............................................Full Article: Source
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