| 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 |