• QInvest has advised on 7 Sukuk transactions in 2014
with a total value of US$3.5bn
• International medium-term Sukuk issuance has risen
significantly vs. 2013 YTD, increasing
from US$12.7bn to US$18.1bn
• QInvest expects continued global investor interest
in Sukuk into 2015
QInvest, Qatar’s leading investment bank and one of the
most prominent Islamic financial institutions in the
world, 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 US$3.5 billion, which
represents approximately 20% 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 US$1
billion. It also advised Goldman Sachs on its US$500
million Sukuk and assisted the Grand Duchy of Luxembourg
with its debut Euro-denominated Islamic issuance, helping
it to raise its first €200 million 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 (US$500
million), Dar Al Arkan (US$400 million), Turkiye Finans
(US$500 million) and Al Baraka Turk (US$350
million).
Mr Tamim Hamad Al-Kawari, Chief Executive Officer of
QInvest, commented:
“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.”