13.05.2010 - Tapping Islamic bonds’ infinite potential
From Alrroya.com: Despite representing a microscopic portion of the global conventional bond market, Islamic bonds or sukuk have managed to gain a steady ground and post significant gains even during the recent tough economic conditions, financial analysts say. In its Global Sukuk report published last month, credit ratings agency Moody’s mentioned that the worldwide issuances of Islamic bonds in 2009 jumped by a massive 50 per cent compared to the 2008 records. This growth had been primarily attributed to a growth in the number of issuances initiated by sovereigns and government-related issuers (GRI) for mega energy and infrastructure projects in the GCC region.............................................Full Article: Source
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