Insights
Perspectives on Gulf capital markets
Occasional writing on the questions that matter to family offices, holding groups and issuers across the region.
The debt you never repay
Why a sukuk protects cash flow in a way a bank loan cannot
An amortizing bank loan makes your building repay itself out of rental income. A bullet sukuk you simply refinance — so it works almost like permanent capital, and protects the cash flow that matters.
Read the pieceRated, not sold
How a credit rating lets a family raise capital without giving up its real estate
When a family needs cash, the instinct is to sell a building. It is usually the most expensive way to raise capital. A credit rating opens a cheaper path — and you keep the assets.
Read the pieceThe trapped estate
Why Gulf family real estate belongs in the capital markets
Some of the best-located real estate portfolios in the world are also among the least liquid. The tools to change that finally exist — and the window is open now.
Read the piece