Islamic bond offerings from the Persian Gulf are struggling to keep up with Malaysia, the global hub for Shariah-compliant financial services, after new sales in the region fell to the lowest level in five years.

Issuance of Islamic debt from the Gulf has declined 24 percent so far this year.

http://www.bloomberg.com/news/2010-08-23/persian-gulf-falls-behind-asia-in-sukuk-sales-amid-slump-islamic-finance.html

 

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