Prospects for Sukuk market brighter

Global total Sukuk issuance increased to $27.9 billion in the first nine months of 2010, 62.3 percent higher than in the same period last year.
The report forecast that the Sukuk market in 2011 would be driven by the recovery made in the global economic activities, flexible monetary policies, and sovereign fund-raising efforts to support economic growth as well as the revival of private sector projects.
More sovereign issuers are anticipated to tap the Sukuk market in 2011 as governments will continue to raise funds to support economic growth and fund fiscal deficits.

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