Sukuk as alternative financing instrument workable in Saudi Arabia

Following a record setting year, the sukuk market is becoming a viable alternative financing vehicle for local businesses, the National Commercial Bank (NCB) said in its “Saudi Economic Perspectives 2014-2015” report released recently. Malaysia holds the top spot for Islamic financing with a total number of 637 issues last year worth $80.9 billion. Saudi Arabia firmly came in second with a record setting $15.2 billion worth of sukuk, up 36.4 percent Y/Y, through 20 issues.

Download full Report: NCB Saudi Economic Perspectives 2014-2015