Sukuks in Saudi Arabia

“Standard Chartered is very keen to assist in developing the secondary trading market in bonds and sukuks in the Kingdom,” argues Dr. Boutros Klink, CEO of Standard Chartered.

“In terms of companies and financial institutions issuing securities, I would say that this is again a relatively recent phenomenon. There is definitely a huge demand for such securities given the scarcity. A lot of this is placed very quickly through private placements that are significantly oversubscribed. To date, a very limited number of fixed income instruments is listed and trades on the Tadawul.”