Arab Today, arab today saudi is gulf\s largest sukaku issuer
Last Updated : GMT 08:46:38
Arab Today, arab today
Arab Today, arab today

Saudi is Gulf\'s largest sukaku issuer

Arab Today, arab today

Arab Today, arab today Saudi is Gulf\'s largest sukaku issuer

Abu Dhabi - Arabstoday

Saudi Arabia overtook UAE to become the largest issuer of sukuk in the first quarter of 2012 in the GCC, Zawya said in a bulletin. The UAE, which was the fourth largest issuer of Islamic bonds in the first quarter of 2012, raised approximately $1.9 billion (Dh7 billion) through sukuk compared to $6.4bn by Saudi Arabia. “UAE\'s position as the top sukuk issuer in the GCC was shaken for the first time. Yet, the UAE had its share of firsts. Tamweel, First Gulf Bank and Emirates Islamic Bank sold sukuk. They were followed by Majid Al Futtaim Group\'s first foray into bond issuance in the form of sukuk. And Abu Dhabi National Energy Company sold its first sukuk in Malaysia,” Adnan Halawi, Team Leader - Fixed Income at Zawya, said in a quarterly bulletin. Malaysia was the top sukuk issuers with $31 billion followed by Saudi Arabia ($6.4 billion) and Indonesia ($3.4 billion), Halawi said. In total, sukuk issuances in the first quarter doubled to reach record $43 billion worldwide – nearly half of the whole of 2011, he said, adding that sukuk could reach $126 billion by the end of this year as compared to $85 billion last year. Malaysia accounted for 71 per cent of the total issuances but it lost share to Saudi Arabia. The kingdom’s maiden sovereign sukuk gave a fillip to the country’s Islamic bond market. A wave of corporate sukuks followed. “Saudi Arabia was the star of the first quarter. In the absence of any conventional bonds out of the kingdom, a flurry of sukuk made the headlines. In line with analyst expectation that the issuance of the first sovereign sukuk in the kingdom would set the benchmark and trigger more issuance, GACA\'s $4 billion sukuk was shortly followed by a series of Islamic bonds by Almarai, Saudi Electricity - which sold its first global sukuk - and Saudi British Bank,” Halawi said in the note.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi is gulf\s largest sukaku issuer Arab Today, arab today saudi is gulf\s largest sukaku issuer

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 21:27 2017 Wednesday ,22 February

Banks reject Saudi Telecom bid to resolve debt issue

GMT 15:19 2017 Wednesday ,22 February

Al Rajhi Bank delegation visits Aladdiyat Al Saudia

GMT 11:30 2017 Wednesday ,22 February

HSBC Mena profit falls on higher operating expenses

GMT 13:32 2017 Tuesday ,21 February

UAE Central Bank announces banking developments

GMT 05:09 2017 Tuesday ,21 February

Economy good, but homes in German cities

GMT 07:00 2017 Monday ,20 February

Bank of Singapore opens office in DIFC
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday