21.05.2009 - S&P: Outlook for Islamic finance remains strong
From Btimes.com.my: Standard & Poor’s believes the outlook for Islamic finance remains strong despite the sharp fall in global sukuk issuance to US$14.9 billion (RM52.89 billion) last year from US$34 billion (RM120.7 billion) in the previous year. In its Islamic Finance Outlook 2009, Standard & Poor’s Ratings Services credit analyst, Mohamed Damak said the sukuk market suffered heavily last year but the outlook for asset-backed sukuk remained positive, despite the doubts raised by the disruption in global financial markets and in structured finance.......Full Article: Source
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