Tagged: FT Blogs

Egypt: time for a sukuk

Egypt: time for a sukuk

The Egyptian government reportedly plans to raise up to $1bn by June through sukuk sales, with one for domestic investors and one for foreign investors. The cabinet has finished a draft law to pave the way for the issuance, which would be debated in pa…

Sukuk bond market: mixed signals

Sukuk bond market: mixed signals

The development of the sukuk market is sending mixed signals. On the one hand, issuance of sukuk in the last year has attracted not just Islamic but conventional investors by the yield, diversification and risk profile. Many deals were innovative, enjoyed popularity and performed well in the aftermarket. On the other hand, the market remained utterly dominated by domestic transactions, and there are still mixed reports about liquidity, both in domestic and cross-border markets. Although sukuks still don’t trade with anything like the volume common in conventional markets, a record year for global sukuk issuance is expected.