Islamic financing continued to grow in 2011 and the first half of this year to more than $ 60 billion. The forecast for this year on the Sukuk is around $ 120 billion, creating a new record.
“I would like to encourage every private as well public sector to think seriously about using the Sukuk as a source of fund,” Abdulmohsen A. Al-Fares, managing director and chief executive officer of Saudi Arabia-based Alinma Bank said. “And we are seeing many issuance over the last three years. This will continue and will see more that will help the secondary market to develop so that the government issuance of Sukuk will set as a benchmark which is very important for secondary market development. This will be strong source of funding not only in Islamic world but also globally.”……………………………………….Full Article: Source