The slowdown in bank financing over the past few years due to the global financial crisis has forced borrowers to shy away from the traditional wholesale bank market and seek alternative sources of financing to meet their funding requirements. Capital markets have therefore emerged as a viable source of financing, whether through bonds or sukuk.
According to the Thomson Reuters Zawya Sukuk Perceptions Forecast Study 2013, the total value of the 1,486 sukuk issued between 2010 and the third quarter of 2012 amounted to USD 248.5 billion. This a massive 60+% of the 2,790 sukuk worth USD 396.4 billion issued between 1996 and Q3-2012 came in the past two years alone………………………………………..Full Article: Source