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...