05.03.2013 - Standard & Poor's sees active year ahead for Islamic finance
Banks are expected to continue tapping Islamic debt facilities to keep sukuk markets active in the year ahead, according to a new report from Standard & Poor's, amid mounting cynicism that the asset class is falling out of favour with investors. But the credit ratings agency warned that the pipeline of new bond sales could become jammed if investors' demands for higher yields on sukuk and longer-dated debts head too high. "In view of supportive debt capital market conditions, we forecast banks' issuance levels to remain elevated in 2013," the report said. "We expect most of the impetus to come from banks in the United Arab Emirates, the largest issuers in 2012, and Qatar, where issuance has been steadily increasing."..............................................Full Article: Source
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