Given the heavy hand of Salafist Islam in the Persian Gulf region, this report should come as no surprise…
Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of bonds, as a source of funding in coming quarters says a report titled “Sukuk Are Surpassing Conventional Bond Issuance In The Gulf Countries As Yields Tighten,” published Oct. 5, 2012, by Standard & Poor’s Ratings Services.
http://www.reuters.com/article/2012/10/08/idUSWLA442220121008
