In Banker Middle East, S&P’s Michael Wilkins considers how green Sukuk is driving issuance in the GCC

The GCC faces high spending requirements on two fronts. Infrastructure projects require approx. US$120-150 billion between now and 2019, while refinancing corporate capital market debt also demands US$23.6 billion, due before 2019.

However, green Islamic financing fuelled corporate and infrastructure Sukuk issuance in the GCC last year, writes Michael Wilkins, Head of Sustainable Finance at S&P Global Rating. So, it appears that this nascent asset class could help the development of Sukuk issuance overall in the region.
Read the full article here on pages 44-45.

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