The sukuk issuances in Qatar will expand in the years ahead and there would be more demand from China and South-east Asian countries.
The estimated $130bn investment plans put forth by the government by 2016 have created a great demand for project finance ahead. Issuing sukuk will likely be one way the Qatari authorities, along with government-linked and government-owned companies, to raise funds, the Oxford Business Group’s (OBG) 2012 report noted.
Qatar is expecting a large number of subscribers beyond the Islamic world. “These days, they are from the West, China and Southeast Asia. Sukuks are a nice, neat, safe, high-yielding product that give diversity to any portfolio,” the OBG report quoted Farah Ahmed Hersi, the Executive Manager of Economics and treasury at Masraf Al Rayan, as saying.
Qatar sukuk market is set to expand
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