Global sukuk issuance is expected to rise 50 per cent this year, with companies turning to capital markets as banks reach lending limits, says HSBC.
A select band of issuers has been replaced by a broader pool of entities, from companies to government bodies, all seeking to tap the liquidity gushing around Islamic banks.
“We are forecasting a bright 2012, after the incremental increases since 2009 we are hitting a turning point,” says Mohammed Daoud, managing director of debt capital markets for HSBC Amanah, the bank’s sharia-compliant arm.
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