Arab Today, arab today saudi islamic finance assets 26of gcc total
Last Updated : GMT 17:37:25
Arab Today, arab today
Arab Today, arab today

Saudi Islamic finance assets 26 % of GCC total

Arab Today, arab today

Arab Today, arab today Saudi Islamic finance assets 26 % of GCC total

Riyadh - Arabstoday

Saudi Arabia’s Islamic financial assets of $94 billion represent 26 percent of the total in the six-member Gulf Cooperation Council and 8.2 percent globally, according to a report by Deloitte. The Shariah-compliant bond market in Saudi Arabia is considered the third-largest in the world after Malaysia and the UAE, said the report, issued Thursday and entitled “Empowering Risk Intelligence in Islamic Finance.” The research from Deloitte Middle East Islamic Finance Knowledge Center noted the importance of the Jeddah, Saudi Arabia-based Islamic Development Bank. It said the multilateral lender had dispersed more than $200 million in technical support to almost 70 institutions since in 1975. IDB sold $800 million of five-year Shariah-compliant notes on June 19 at a yield of 1.357 percent, a record low for corporate issuance. Orders totaled $900 million. Average yields on GCC Islamic bonds, which pay returns on assets to comply with Islam’s ban on interest, dropped 12 basis points to a 10-month low of 3.73 percent this week, the HSBC/Nasdaq Dubai GCC U.S. Dollar Sukuk Index shows. From TheDailyStar

arabstoday
arabstoday

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 islamic finance assets 26of gcc total Arab Today, arab today saudi islamic finance assets 26of gcc total

 



Arab Today, arab today

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 islamic finance assets 26of gcc total Arab Today, arab today saudi islamic finance assets 26of gcc total

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
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