Corporate and infrastructure issuers in the Gulf region may increasingly rely on Islamic bonds (sukuk) as a source of funding in coming quarters, Standard & Poor’s Ratings Services said.
Sukuk issuance in the GCC has peaked so far in 2012 at more than $19 billion following a lull in activity between 2009 and 2011. Not only has sukuk issuance in the first nine months of the year surpassed total issuance for full-year 2011, it also exceeded conventional bond issuance for the first time………………………………………..Full Article: Source