Islamic Bonds Make a Comeback
The global market for Islamic bonds, or sukuk, returned to growth last year, shaking off the lingering effects of the global financial crisis.
After two turbulent years, the market started making a strong comeback at the end of 2010. While Malaysia continues to dominate the sukuk market, accounting for 78 percent of total issuances in 2010.
The Gulf region is expected to play a larger and more sustainable role in the sukuk market in the future, according to research by S.&P., in the expectation of a gradual recovery in economic activities and the region’s need to finance the huge pipeline of government projects and infrastructure for events planned for the coming years, like the 2022 World Cup in Qatar.