03 Jun 2017
Bonds, Loans and Sukuks Vital Component in Advancing Mena's Economic Development
Business
Dr. Al-Salama's comments follow QFC's sponsorship of Bonds, Loans and Sukuks Middle East, one of the region's largest finance and investment conferences.
According to Dr. Al-Salama, establishing a robust market infrastructure to support Sukuk issuance will be key in making the market more globally accessible. He also stressed on the importance of the growing Sukuk market stating: "More countries are integrating Sukuk into their tax codes, especially as the success of Sukuk and Islamic finance becomes more apparent. Sukuk as a niche product delivers a more stable return compared to regular bonds. Increasing investor demand made countries to work on the integration of Sukuk into their regulations including tax regimes. There is a tremendous potential in the Sukuk market and as the demographics improve in the Muslim world Sukuk market would evolve and develop"
The event saw over 900 delegates attend to discuss the region's financial and economic development. It brought Asian investors together with Turkish, Russian, Middle Eastern and African debt issuers, and served as a unique opportunity to conduct multiple non-deal roadshow-style meetings with investors and for issuers to meet a large number of investors in one place at one time.
The QFC has been increasing its presence and efforts in a number of different markets recently. The QFC roadshow which aims to showcase the plethora of opportunities available in Qatar and the unique platform the QFC provides made stops in Berlin, Munich, Singapore, Hong Kong, London and Manchester in 2017. QFC's sponsorship of Bonds, Loans and Sukuks Middle East follows its recent sponsorship and participation in The German-Arab Business Forum in Berlin Germany and the Going Global event in London.