| From Investorsoffshore.com: Standard and Poor’s and Moody’s released contemporaneous reports last week revealing major declines in the issuance of sukuk (Islamic bonds) in 2008 on 2007’s figures, citing reduced trading in excess of 50%.
Standard and Poor’s blamed the reduced trading on the global financial crisis, observing that “the decline in sukuk issuance in 2008 was as a result of the global market turmoil; drying up liquidity, widening credit spreads, and promoting a wait-and-see attitude amongst investors." .... Full Article: Source
|