While the amount of sukuk — Islamic bonds — issued in 2011 is on track to exceed last year’s volume, the pace is expected to drop off in the coming months and only a tiny fraction will be issued in U.S. dollars according to one industry observer.
Developments in the sukuk market have been as expected, Paul-Henri Pruvost, a credit analyst at Standard & Poor’s told Market News International, meaning higher growth compared to last year, with about 80% of issuance by sovereigns, particularly Malaysia……………………………………….Full Article: Source