| The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. Global sales of sukuk climbed to $18.9 billion in 2011, from $13.5 billion a year earlier, according to data compiled by Bloomberg.
Bahrain: The country is still “on track” to sell $1 billion of Shariah-compliant debt, Sheikh Salman bin Isa Al Khalifa, executive director of banking operations at Bahrain’s Central Bank, said..............................................Full Article: Source |