IslamicFinance.de

The recent inflow of funds into the Malaysian sukuk market from the Gulf Cooperation Council (GCC) is temporary, fuelled by the build-up of investable funds in the GCC from the hike in crude oil prices amid the political upheaval in the Middle East and North Africa region.
Industry observers and analysts viewed the withdrawals of funds from the region and their inflows into the domestic sukuk market and other more stable ones would depend on the severity and duration of the region's ongoing political turmoil.

Gulf Investment Corp GSC Kuwait (GIC) has issued its maiden local currency sukuk yesterday, making it the first Gulf Cooperation Council (GCC) issuer in the Malaysian sukuk market.
The RM600mil sukuk is an inaugural issue from GIC’s RM3.5bil sukuk medium-term note programme.
The Royal Bank of Scotland Bhd (RBS) is the sole principal adviser and sole lead arranger. RBS also acted as joint lead managers and joint bookrunners alongside Maybank Investment Bank Bhd.