| From Gulf-times.com: Islamic bond offerings may accelerate in the next 18 months, led by first-time issuers in Asia after the region accounted for the most sukuk sold this year, Standard & Poor’s has said.
While issuance of securities that comply with Shariah law are down 17% globally this year, Asian borrowers issued $5.3bn, about 68% of the total $7.8bn worldwide, according to data compiled by Bloomberg. Sales from companies in the Arabian Gulf dropped 24% to $2.5bn so far in 2010, the lowest level since 2005, after Dubai World announced plans to restructure debt in November..............................................Full Article: Source |