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 $18.8 billion in 2011, from $12.7 billion a year earlier, according to data compiled by Bloomberg.

Majid Al Futtaim Holdings: The Dubai-based operator of Carrefour SA stores in the Middle East plans to issue a sukuk in “a few weeks” barring a further decline in global market conditions, Iyad Malas, the chief executive officer, said in an interview in Jordan………………………………………Full Article: Source