The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. Global sales of sukuk climbed to $18 billion in 2011, from $12.5 billion a year earlier, according to data compiled by Bloomberg.
BARWA BANK: The unit of Qatar’s biggest property developer by assets Barwa Real Estate Co., plans to sell Islamic bonds in 2013 after it gets a credit rating, Chief Executive Officer Steve Troop said……………………………………….Full Article: Source