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…


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