Wednesday 29, April 2009 by
Global slowdown could hinder Sukuk growth in Gulf
The report from Standard & Poor’s, titled ‘Islamic Sukuk Come Of Age In Infrastructure And Project Finance’, said that both global and regional financing issues could hinder the growth of Sukuk (including those for infrastructure and project finance) in the Gulf region. It said that investor appetite for these instruments may continue to be adversely affected by the high costs of financing, predominantly local investor appeal, a real estate downturn, hydrocarbon prices, and accounting issues.
