Long before 2012 had finished, many were predicting a bumper year for the issuance of sharia-compliant bonds, or sukuk. The assertion was that issuance of sharia-compliant paper would top the $100bn mark before the year was through and, although that view proved to be correct, it also turned out to be significantly conservative.
According to numbers from Islamic investment research house KFH Research, total sukuk issuance for 2012 came in at $131bn – 54 per cent higher than the previous year. In December alone about $8bn of sharia-compliant paper was brought to the market, which was a 61 per cent rise on 2011 figures………………………………………..Full Article: Source