Wednesday, 20 June 2018

Mideast risk scares sukuk investors away

Mideast risk scares sukuk investors away:

"Islamic bond sales slumped 15 percent in first half of the year as political risk in the Middle East scared investors away. Geopolitical risks from issues such as the economic boycott of Qatar by four of its regional neighbors and the reinstatement of sanctions against Iran have added to investor unease, according to a report from S&P Global Ratings. The value of Islamic bond sales fell to $44.2 billion compared with $52.2 billion in the first half of 2017 according to data from S&P Global Ratings. The decline in foreign currency sukuk was even greater at 45 percent."



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