Standard & Poors Predicts Steady Growth in Islamic Bond Market
On February 1, 2010 · In Debt Bonds, Defaults, Islamic Bonds, Sharia Compliant, Sharia Products, Shariah Bonds, Standard & Poor's, SUKUK
In a report published last week, Standard & Poors predicted steady growth in Islamic bond issuance in 2010, with about $20 billion of Sukuk publicly announced in the past likely to come to market if conditions permit.
“In addition, we understand from unofficial market sources that about $10 billion more could potentially enter the pipeline. If that comes to market, total Sukuk issuance in 2010 could approach the current 2007 record of $34.3 billion,” the report said.
This report comes despite the rash of defaults and downgrades which have hit the Sukuk market over the past year…