Khalid Howladar and Qatar Islamic Bank Qatar International Islamic Bank

Gulf Cooperation Council: The bulk of Qatar sizable spending plans to 2022 are in core infrastructure projects that will continue and add value regardless of the event, says Khalid Howladar, the global head of Islamic finance at Moody in Dubai, according to Business Week. The country growth will increase the need for more long-term funding, he said. Football global governing body FIFA on Thursday said it handed Swiss prosecutors electronic data related to the awarding of the event to Qatar and the 2018 tournament to Russia. The bullish outlook will cheer investors in Shariah- compliant debt, who have seen issuance from the six countries of the Gulf Cooperation Council collapse more than 60 per cent in 2015. The country lenders plan to borrow at least $6 billion in part to help finance construction through 2022. While Qatari borrowers haven’t sold sukuk in 18 months, Qatar Islamic Bank and Qatar International Islamic Bank are preparing Shariah-compliant bonds and Masraf Al Rayan is said to be considering an issue. (news.financializer.com). As reported in the news.