Citigroup expects sukuk sales rebound this year

26 October 2010

Demand to return to “pre-crisis” levels by the end of the third quarter

Citigroup has said that demand for Islamic bonds from the Middle East is expected to return to “pre-crisis” levels by the end of the third quarter, as firms restructure debt and investors are lured by higher yields, Bloomberg has reported. “The yields offered here are high, and investors globally are willing to take the risk of investing here to get that spread and return,” says Samad Sirohey, Dubai-based CEO of Citi Islamic Investment Bank EC.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications