The sukuk market is expected to witness strong performance in the next few years while Gulf countries and Asia will remain the key engines for growth, according to Standard & Poor’s. “Global issuance expanded for the fourth year in a row in 2012, growing 64 per cent to about $138 billion, and we expect another strong few years,” S&P’s said in a report.
Despite increased growth, the market for sukuk is still one per cent of the total bond issuance and there is strong potential to grow more and join the mainstream, S&P’s managing director and regional head for the Middle East Stuart Anderson told reporters at a news conference on Monday in Dubai………………………………………..Full Article: Source