23.11.2012 - Growth in Islamic bond market in Asia
Growth in the Islamic bond market, or sukuk, has been inching higher in the region. Sukuk issued in Asia accounts for about 40 percent or US$17 billion out of the total global issuance of US$43 billion this year. Such Islamic bonds are popular with investors from the Middle East and has opened up new opportunities for Asian companies. Singapore-listed Noble Group is the latest to consider Islamic bonds for its financing needs. The commodities trading firm has announced that it will issue some 300 million Malaysian ringgit (US$98 million) of two-year Islamic bonds at 4.22 per cent per annum profit rate...............................................Full Article: Source
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