Halal Tamweel provides extensive news and information coverage and Islamic Wealth Management consultancy to prospective and existing investors looking to manage wealth in a Shariah Compliant manner in Pakistan.
Global sukuk issuance set to surge 66pct to $44 bln
1/13/2012 10:48:40 AM
DUBAI: Middle East and Malaysia are expected to fuel a major spurt in global sukukissuance in 2012 to an estimated $44 billion, up 66 per cent on 2011, experts on Islamic bond market said.
Mohammed Dawood, managing director of Islamic global markets, Europe, Middle East and Africa for HSBC Amanah, said the dramatic increase in sukuk issuance has been triggered by Islamic bonds’ remarkable performance amid the global meltdown.