23 Jan 09 Sukuk Issues Down by 50%

CNBC is reporting a drop in Islamic bonds due to the economic downturn.  Sukuk is another product that will be discuessed in a later post.  There is a great deal of controversy on whether or not it is halal.  To be continued…

Sukuk issuance down by over 50 pct in 2008-Moody’s
By: AFX | 22 Jan 2009 | 04:20 AM ET

LONDON, Jan 22 (Reuters) - Issuance of Islamic bonds or sukuk fell by more than 50 percent in 2008, due to the credit crisis and the debate over their compliance to Islamic laws, said rating agency Moody’s on Thursday. (more…)

Tags: economic downturn, islamic bonds, Islamic Finance, sukuk