Huge demand in Sharia-compliant sukuk trades with issuance expected to grow

A brace of Arabian Gulf sukuk trades racked up enormous order books this past month, indicating high levels of pent-up demand for Sharia-compliant paper. Despite some "teething problems", sukuk issuance is expected to grow rapidly as hungry investors pile in. Saudi Arabian oil group Aramco raised $6 Billion in June as the company returned to the international debt markets with its first and one of the world’s largest, U.S. dollar-denominated Islamic bond sales.

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