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Global sukuk sales rise 40%, Moody's says
- Middle East: Wednesday, November 11 - 2009 at 10:00
Moody's Investors Service has said that Islamic bond issues worldwide had increased 40% in the 10 months to October, compared with the same period a year earlier, Bloomberg has reported. The introduction of sukuk funds by asset management houses will encourage more trading of Islamic bonds in secondary markets whereby 'investors, including banks, can price their Sukuk fairly, enhancing both liquidity and secondary market tradability', Moody's said.
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StaffWednesday, November 11 - 2009 at 10:00 UAE local time (GMT+4)
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