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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Asia to drive growth in sukuk sales

Posted on 09 February 2010

From Gulfnews.com: Sales of Islamic bonds may increase 24 per cent this year, led by Southeast Asia, as the region’s expansion helps drag the world out of recession, said CIMB Group Holdings Bhd., the leading arranger of such issuance.

Global sales of bonds that comply with the religion’s shariah principles, known as sukuk, will probably reach $25 billion this year, Badlisyah Abdul Ghani, chief executive officer of CIMB Islamic Bank Bhd., a unit of CIMB Holdings, said in an interview last week………………………………….Full Article: Source

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