1. True, the issue was virtually guaranteed by the Malaysian government, because the Sukuk had recourse to the Obligor, Khazanah, but for the nascent global Islamic capital markets industry it is both encouraging and important to see a much greater level of cross–border interaction between the Middle East and South East Asia.

2. Commercial Bank of Qatar and Bank Muscat International acted as managers along with National Bonds, Arab Islamic Bank and Al–Amin Bank as participants. «The Islamic Musharaka Sukuk, which is an international sukuk, was $75 million oversubscribed and the bank has elected to increase the facility to $200 million — making it the largest corporate sukuk issue in Kuwait to date,» Liquidity Management Center’s (LMC) chief executive officer Ahmed Abbas said. «This is a reflection of the significant confidence of the investors in the sukuk issue, our strategy and unique structured products.» The Lagoon City Musharaka Sukuk is a reducing five–year Musharaka callable at end of year two by the obligor (Al–Ahlia Gulf Holding Company) and has been rated «BBB+» by Capital Intelligence,» he further said.