12.10.2010 - QIB successfully closes its debut $750mln sukuk
The successful closure in early October 2010 by Qatar Islamic Bank (QIB), the largest Islamic bank in Qatar, of its debut $750 million fixed-rate Wakala sukuk underlines the fact that despite the huge latent appetite for "A" rated Islamic commercial paper from investors all over the world, such issuances are too few and far between to stimulate an effective global sukuk market and its attendant secondary trading. Yes, the originators will heap on the plaudits of the importance and impact of the issuances -- from a domestic, regional and global market perspective -- but in reality once the dust settles, the attention easily moves on to the next such origination offered on the international financial markets. .............................................Full Press Release: Source
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