11.01.2013 - $4bln sukuk deal figures in global market award list
Qatarís $4bn dual tranche sukuk has been recognised as the best Islamic finance deal of the country in 2012. Saudi Arabia has emerged as a major Sukuk market, rivalling Malaysia in issuance volume. Saudi Arabiaís General Authority of Civil Aviationís SR14bn sukuk has been adjudged as the best Saudi Arabian Deal of the Year. Jebel Ali Free Zone Dh4.4bn Syndicated Financing Facility and a $650m sukuk has been announced as the best Syndicated Deal. Abu Dhabi Islamic Bankís $1bn Perpetual Tier 1 Trust Certificates has been recognised as the UAE Deal of the Year. Last year was most prolific for the Sukuk market. It saw steady activities in markets like the UAE and Indonesia, as well as the expansion of Islamic capital markets to new markets like Turkey................................................Full Article: Source
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