26.11.2012 - Record Gulf Islamic bonds mask dearth of private sales
Gulf governments, spending their oil wealth on $1tn of projects from airports to soccer stadiums, will fuel a second year of record Islamic bond sales in 2013 as private companies remain reliant on bank loans. Sukuk issuance by governments and state-linked companies in the six-nation Gulf Co-operation Council made up more than 80% of the $20bn of notes sold this year, data compiled by Bloomberg shows. That is about 10 percentage points more than in Malaysia, home to the biggest global sukuk market...............................................Full Article: Source
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