Saudi Gazette - GCC growth, debut issues to drive sukuk rebound in 2014:
"Qatar’s imminent sukuk issuance of roughly $3 billion will kick-start what may be a record year for the Shariah-compliant debt market, Fitch Ratings said. Regional growth and robust government spending are likely to be partially funded through sukuk programs in established Gulf Cooperation Council sukuk markets. At the same time, strong investor demand is likely to attract debut issues from Islamic and non-Islamic states in 2014.
The push by sovereigns in the region to be become an Islamic finance hub is also likely to spur sukuk issuance.
“We estimate that issuance dropped around 12 percent to $120 billion in 2013 due in part to market jitters over US bond purchase tapering. However, demand remains strong and we expect this decline to be a blip in the longer-term trend of steady growth, with 2014 issuance likely to be at least in line with 2012’s record of $137 billion,” Fitch Ratings said."
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