| GCC’s sukuk issuances are set to reach around $35 bn in 2013 according to estimates by Global Islamic Finance Magazine. According to recent Kuwait Financial House report Saudi Arabia issued $10.5bn in sukuk in 2012, a 278% increase over 2011.
This volume of Sukuk Issuing put the country at the second position in 2012 after Malaysia. Meanwhile issuing of sukuk was followed by $4bn General Authority for Civil Aviation offering, the first government-backed sharia-compliant bond issue, and the single-largest sukuk anywhere to date...............................................Full Article: Source
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