(MENAFN- The Peninsula) QInvest, Qatar's leading investment bank and prominent Islamic financial institution, has been at the forefront of global sukuk activity in 2014. It has advised on seven sukuk transactions thus far in 2014, with a total value of $3.5bn, which represents approximately 20 percent of the international sukuk market.
During the second half of 2014, QInvest has advised on the Government of Hong Kong's maiden sukuk, which raised $1bn. It also advised Goldman Sachs on its $500mn sukuk and assisted the Grand Duchy of Luxembourg with its debut euro-denominated Islamic issuance, helping it to raise its first ‚¬200m five-year sukuk.
During the first half of 2014, QInvest worked on a range of sukuk mandates in the GCC and more widely across the region, including the issuances from Kuveyt Turk ($500m), Dar Al Arkan ($400m), Turkiye Finans ($500m) and Al Baraka Turk ($350m).
Tamim Hamad Al Kawari (pictured), CEO of QInvest, said: "2014 has so far been an extremely active year for global sukuk issuance, which demonstrates its increasing attractiveness and widening appeal as a source of funding. QInvest has been involved in a number of these transactions and we are excited to see Islamic finance become much more mainstream, with a number of non-Muslim states across Europe, Asia and Africa successfully completing over-subscribed Sukuk issuances."
"Now that more Islamic benchmarks have been established by sovereigns, we expect the next wave of activity to be in the corporate space. QInvest has a strong pipeline of deal flow for the remainder of 2014 and beyond, which will see us continuing to work very closely with corporates, financial institutions and sovereigns", he said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.