Middle East Economic Survey

VOL. LIII

No 5

1-Feb-2010

REGIONAL

Sukuk Issuance This Year Could Rival 2007 Record, S&P Says

Ratings agency Standard & Poors (S&P) forecasts strong and steady medium term growth in the global sukuk (Islamic bond) market, it announced on 28 January. We foresee stable growth in issuance of these securities in 2010, after a recovery last year to issuance of $23.3bn, said S&P credit analyst Mohammed Damak. He said that steady growth was...