The value of Islamic ‘bonds’ (sukuk) issued in the Gulf has jumped 61% in the past year having slumped to the lowest level in four years as a result of a number of factors, including the global financial crisis, according to research by Trowers & Hamlins, the international law firm. $7bn of sukuk was issued in the Gulf in 2009/10 (to June 30), compared to $4.3bn the previous year.
At the same time issuance of conventional bonds surged to record levels. The value of conventional bonds issued in the Gulf hit $15bn in 2009/10 compared to $12.9bn the year before, an increase of 16.3%……………………………………….Full Press Release: Source