Sukuk (aka Islamic bonds) are fast becoming the chief tool for spreading Shariah finance. Just a few years ago, few of our posts dealt with sukuk. Now most of them do.
Sukuk are used as a means of imposing Shariah compliance on nations and entities wishing to participate in global debt markets. Russia, Thailand, the Philippines and other non-Muslim nations are all planning to issue sukuk as a result.
The sukuk (Islamic bonds) market in the Gulf and other countries is expected to exceed $100 billion this year to smash the record $85 billion achieved in 2011…
http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentID=20120423122479
