| From Menafn.com: There has been surge in worldwide Sukuk issuance that saw a two-fold jump to 98 issuances raising to $13.7 billion in the first half of this year, up against the $7.1 billion in the initial six months a year ago, say a report by Standard & Poor’s Ratings Services, which forecast about 150 more issues in the pipeline.
“On the heels of the sukuk market’s sharp upturn as of midyear 2010, we foresee sustained growth for the second half, given issuers’ interest in tapping the market, both in historical locations like Asia, especially Malaysia, and in other regions newer to sukuk,” said Standard & Poor’s credit analyst Mohamed Damak, in a report ..............................................Full Article: Source
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