08.11.2012 - Sukuk: Are they a safe haven?
Since the financial crisis hit world economies, risk aversion has been a key theme for investors. Over the past year, regional bonds and sukuk have witnessed much popularity where demand has consistently outpaced supply, specifically with issues that are backed by solid balance sheets. As global troubles continue to disturb investors, GCC debt continues to attract strong inflows. This is no surprise, as the GCC sits on trillions of dollars in surplus. According to the Sovereign Wealth Fund Institute, Middle Eastern sovereign wealth funds accounts for 35% of the world's SWFs. Gulf countries such as Kuwait, Qatar, Saudi Arabia and the UAE are only raising funds for the sake of promoting domestic debt markets...............................................Full Article: Source
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