Tuesday, September 19, 2006

Islamic corporate bonds to grow significantly in the Middle East

"Corporate Sukuk Market Growing in the Middle East", PR Newswire, September 19, 2006

The Cayman-based law firm Walkers has seen significant growth in use of sukuk for corporate financing in the Middle East and according to Robert Varley, a partner in the Dubai office, "While the sukuk market is still very small compared to the conventional debt market, there is enormous potential for growth from both local investors and international markets". Dow Jones has launched the Dow Jones Citibank Sukuk Index on April 2, 2006, the first of its kind.

No comments: