From Business24-7.ae: Global sukuk (Islamic bond) issuances went up by more than double to $31billion (Dh113.8bn) in 2009, with the UAE accounting for more than one-fourth of the total, said a Bank of America Merrill Lynch’s study.

The issuances in Middle East are likely to go up to $10bn-$15bn in 2010, it said. Issuances saw a steep fall in 2008 and were about $15bn in 2008. The sector saw activity picking up in the last quarter of 2009…………………………………..Full Article: Source