#IFG VIEWPOINT Another #sukuk priced below the guidance. This time it’s the Emirate of Ras Al Khaimah after a sukuk from #AlHilal Bank priced earlier this week. With word out of #Washington that the #US President nominated Janet Yellen to be the first Fed Chairwoman, the market reaction for sukuk is likely to be positive based on an assumption for a delayed taper. The political controversy around the debt ceiling and government shutdown are both downside risks to the economic data guiding #Fed decision-making which will likely provide further delay for tapering. The question is whether this will lead sukuk issuers to continue to flood the markets with new sukuk through the remainder of 2013 and into next year. Based on the reaction to the first delay of the taper back in September, the answer this time will be yes too, and there are plenty of high quality issues, not to mention plenty of demand. #Islamicfinance #Shutdown For more of IFG analysis and news, join Thomson Thomson Reuters Islamic Finance Gateway by registering on https://forms.thomsonreuters/ifg/
Posted on: Wed, 09 Oct 2013 06:45:17 +0000
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