Sharia-Compliant Bonds, Also Known As Sukuk Or Islamic Bonds, On The Rise Thanks To Malaysia, Gulf States and Africa

Islamic finance, which includes a proscription against borrowers paying interest to lenders, will grow internationally to more than $100 billion this year, after a difficult 2013. The issuance of sukuk, or shariah-compliant bonds, will likely exceed $100 billion this year thanks to general economic growth, demand from the Middle East and high development potential in Africa.