15.06.2009 - Sukuk financing gains momentum in Saudi Arabia
From Khaleejtimes.com: The global financial crisis and its ongoing consequences have affected all asset classes across the world; sukuk are no exception. Currently, the sukuk market is valued at about $73.50 billion spread out across 83 issues, with the UAE dominating with a 69 per cent share. While $33.58 billion of sukuk are coming up for maturity during the next three years, Ernst & Young estimates that sukuk worth $27.5 billionn will be issued in 2009 with growth likely to be driven by demand for credit across infrastructure projects in the GCC.........Full Article: Source