IslamicFinance.de

Nine months ago Al Baraka Banking Group cancelled the debut sales of sukuk due to very high yields. Now that the situation has turned and Al Baraka Turk Katilim Bankasi again considers its previous intentions. It plans to offer $250 million (Dh917 million) of seven-year dollar-denominated sukuks this year.

Arab banks are expected to gain nearly $300 billion in assets at the end of 2010 in order to surpass the region's gross domestic product. This should help them expand their role in the domestic economy.
Adnan Yousuf, Chairman of the Union of Arab Banks (UAB), has the strong oppinion that deposits with the banks as well as their capital are also projected to sharply grow by the end of this year as banks pull out of the clutches of the 2008 global fiscal distress.