Middle East Economic Survey
VOL. LII
No 6
9-Feb-2009
REGIONAL
Sukuk Issuance Down By More Than 50% In 2008, Says Moodys
Global sukuk (Islamic bonds) issuance declined by more than 50% in 2008, according to Moodys Investors Service. In a Special Comment published on 22 January, the ratings agency said that the Islamic finance industry, and the sukuk market in particular, faced unprecedented challenges last year from the global credit crisis, the rising cost of borrowing, a lack of investor...
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