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Islamic Finance Briefing - Categorized | Emerging Trends, Finance, Market Moves more

S&P sees Islamic finance market rebounding

Posted on 13 May 2009

From Businessweek.com: The roughly $700 billion Islamic finance market is expected to “resume its rapid growth” after taking a drubbing last year because of the global financial meltdown, a leading international credit rating agency said Tuesday.

Standard & Poor’s said while global sukuk issuances fell by over 50 percent in 2008, to $14.9 billion, compared to the previous year because of the global financial crisis, the outlook for Islamic finance remains strong and the market is expected to rebound. Sukuk are bonds structured to avoid paying interest, in line with Islamic law……..Full Article: Source

 
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