12.03.2013 - New sukuk issuances to exceed $100bln
There is little to hinder another strong performance by the sukuk market in the next few years, Standard & Poor's said. Investors Are Snapping Up Sukuk, Despite Questions About Creditworthiness." "Global issuance expanded for the fourth year in a row in 2012, growing 64% to about $138 billion, and we expect another strong few years," said Standard & Poor's credit analyst Paul-Henri Pruvost. Despite increased growth, the market for sukuk, the Islamic equivalent of bonds, is still a small segment of the global fixed-income world. Sukuk comply with Sharia law, meaning they do not technically pay interest; rather, they are structured to provide sukuk holders a profit margin. While still considered an alternative investment, S&P believes the sukuk market has the potential to grow and join the mainstream...............................................Full Article: Source
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