Brighter outlook ahead for Islamic bond market, sector expected to improve by Middle of 2009

AME Info:GCC financial institutions and industrial companies are soon set to issue Islamic bonds worth $30bn according to Moody's Investor Services, the ratings agency.

Companies had delayed bond issues due to general economic conditions but should move forward by mid-June this year if there is prudent govenment involvement and an increase in oil prices, said Faisal Hijazi, Business Development Manager and Finance Analyst for Moody's, during an interview with CNBC Arabiya...Continue Reading