Synthetic sukuk issuance set to rise

Dealers are predicting that a new wave of synthetic sukuk products will emerge this year, including repurchase agreements (repos) and credit default swaps (CDSs). This follows record issuance in the cash sukuk market in 2006.

The first sharia-compliant repo should emerge as early as this month, says Luma Saqqaf, head of Islamic finance at law firm Linklaters in Dubai. The deal, between a Middle East bank and corporate, is likely to be worth a few hundred million dollars notional, although Saq

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: