Middle East Economic Survey


No 46



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...