26.09.2012 - Islamic assets seen jumping to $3trln on Asia, GCC
Global Islamic financial assets will double by 2015 to as much as $3tn as demand for the securities in the Gulf Co-operation Council and Malaysia lures issuers to the market, Standard and Poorís has said. Yields on Shariah-compliant bonds, known as sukuk and paying returns on assets to comply with Islamís ban on interest, dropped to record lows this month, prompting issuers including the Turkish government to sell the securities. Islamic financial assets are currently valued at $1.3tn, S&P financial services associate Paul-Henri Pruvost said...............................................Full Article: Source
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