Islamic bonds rising
July 22nd, 2008 Posted in Industrial investment, Islamic Finance
Investors from Europe and the US seeking to increase their exposure in the Gulf region helped boost sales of Islamic bonds to $17 billion at the end of June, representing a 17 perecent increase over the previous year. Fueled by soaring oil prices, the cash rich region is seen by many as a low-risk alternative to the credit-stressed markets of the West. See article in Financial Times (7/22).
