This 2nd edition GCC Sukuk Primer provides an overview of the investment landscape and characteristics of Islamic-compliant investment certificates, commonly referred to as sukuk, a market niche that continues to evolve. We
will cover the risk and return attributes of sukuk and explore their relationship to changes in the price of oil, since hydrocarbons largely drive sukuk issuers’ economies. Our scope is limited to US dollar-denominated sukuk, primarily
originating from members of the Gulf Cooperation Council (GCC), a collective coalition that comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).