Ratings agency highlights lack of standardisation, says it expects progress to be slow
Islamic bond
Islamic bond
Saudi’s IDB lists $1.25bn sukuk on Nasdaq Dubai
Islamic Development Bank has sukuks totalling more than $10bn on exchange
Bahrain
Bahrain raises $3bn in biggest-ever syndicated debt sale
Bahrain’s fiscal deficit reached 15 percent of economic output last year
budget deficit
Saudi Arabia raises $4.5bn in first sukuk this year
Government has forecast a budget deficit of 198 billion riyals this year