Ifc Sukuk to Boost Nascent Gcc Debt Markets

Summary

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In its first sukuk to raise long-term funds in the Gulf Cooperation Council (GCC) -- the International Finance Corp is giving a shot in the arm to the region's emerging debt markets. The World Bank affiliate is set to become the first non-Islamic financial institution to issue a Islamic bond to be listed and cleared on the Dubai and Bahrain stock exchanges. Developing GCC debt markets has taken on added urgency in the wake of the global financial crisis, which showed how quickly access to international capital could shut down.

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Ifc Sukuk to Boost Nascent Gcc Debt Markets

In its first sukuk to raise long-term funds in the Gulf Cooperation Council (GCC), the International...

See the full content of this document

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