Middle East Economic Survey
Sovereigns And GRIs Drive Up Sukuk Issuance, Says Moodys
Global issuance of sukuks (Islamic bonds) increased in the first 10 months of the year by 40% compared to the same period last year, a Moodys Investors Services reports. The agency anticipates that full-year growth in sukuk issuance will reach 50% this year, offsetting a 55% decline in 2008. The upturn, which began in the second quarter, has been driven largely by an increase in...