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NASDAQ Dubai, Majid Al Futtaim And Emirates Airlines Unite To Discuss Middle East Sukuk Market
(25 September 2013)

 

In light of the huge growth in the sukuk sector, IQPC has created a platform for industry discussion at the Sukuk Congress MENA conference to be held on 10 - 13 November 2013 in Dubai. The event will bring together the governments and corporates that will facilitate the continued development of the market as well as the investors who are driving the demand for sukuk.

The Middle East sukuk market has been growing rapidly since the end of the last decade and is set to accelerate further in the coming years. As governments and corporates continue to tap into capital markets to finance various projects, 2012 was seen as a record year for sukuk issuances with the industry valued at over US$130 billion. This growth trend is set to continue with estimates that the value of the industry will grow 20-30% in 2013.

Over the last few years the MENA industry has shown signs of maturing with the region rivaling Malaysia in the value of issuances. North Africa has recently entered the fray with Morocco in the advanced stages of issuing its maiden sukuk backed by the Islamic Development Bank. Egypt, Tunisia and Libya have all prepared the regulatory framework to begin issuing sukuk.

"As the sukuk sector expands in size and sophistication, both regionally and globally, it is attracting increasing attention from issuers, investors and capital markets professionals," said Hamed Ali, Chief Executive of NASDAQ Dubai. "NASDAQ Dubai is strengthening its leading role as a listing venue and provider of a variety of Sukuk services, supporting Dubai’s growth as the capital of Islamic economy globally."

NASDAQ Dubai demonstrated their commitment to the industry by confirming their participation as the official Strategic Exchange Partner for the Sukuk Congress MENA event.
 

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