Islamic bond sales to rise 50% this year, says report

13 April 2010

The research arm of Kuwait Finance House, KFH Research Ltd, has said that Islamic bond sales will grow 50% to $30bn in 2010, driven by low interest rates and spending by governments on infrastructure programs aimed at supporting growth, Bloomberg has reported. Some $20bn of Islamic bonds announced last year are expected to be issued in 2010 and 'another $10bn or more could potentially enter the pipeline', KFH Research senior analyst Tursina Yaacob said.

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