Technology, Transportation/Aviation, & Sukuk break records in September 2014!
While running on the treadmill today, and watching the news wire on one of the TV channels, it stopped me the news headline: Dubai airport welcomed 6.6 million visitors in August 2014, which is the highest number of visitors to the airport in the history of the Emirate.
The next headline was Apple sold 10 million iPhone 6 in 3 days, the highest sales in history of a new design by the company (perhaps by any other peer as well). The following headline was the fact the Alibaba gathered already USD 25 billion in an IPO that is to be considered the biggest IPO of all times!
Going back to my area of specialization, I noticed that September was probably the best month on record for the Sukuk industry with the biggest number of new states (sovereigns) selling sukuk for the first time in the histroy of the industry: Hong Kong, Luxembourg and South Africa. If we add Sharjah and IDB, then also possibly the largest number of international sukuk sold in one month. There must be something special about September!
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