Global Islamic bond sales are set to surpass the 2012 record as Gulf issuers take the lead to tap borrowing costs that tumbled in the past year, according to HSBC Holdings Plc, last year’s top sukuk underwriter. Sales in the six-nation Gulf Cooperation Council will surge to between $30 billion and $35 billion in 2013, Mohammed Dawood, Dubai-based managing director of debt capital markets at HSBC Amanah, said in an interview. That’s up as much as 64 per cent from last year.
Sukuk sales set to surpass 2012 record
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