Sukuk Market Expected to See Revival In 2011, Issuance to Rise 60 Percent
As economic recoveries and high crude oil prices revive the market, global sales of Islamic bonds are expected to rise nearly 60 percent this year.
Issuance fell 26 percent to $14 billion in 2010 in the aftermath of Dubai’s debt restructuring and high-profile sukuk defaults. That estimate excludes issues which are callable in less than a year, those which are not rank eligible or underwritten and self-funded ineligible issues.
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