Alastair Sewell and Bashar Al-Natoor


Rare MMF and Sukuk Default Brings Credit Risk to the Forefront

The recent default of a sukuk, which is a Sharia-compliant financial certificate similar to a bond, in a Saudi Arabian money market fund (MMF) was a highly unusual event. Nevertheless, it raises important questions for short-term investors in the Gulf Cooperation Council (GCC) region regarding the...