25/04/2009
Islamic banking is one of the world's fastest growing financial sectors, rising 15-20 percent a year, according to industry estimates.The volume of sukuk issues is expected to recover in 2009 after the global credit crisis weighed on the market last year,BNP Paribas has said.New Islamic bond issuance fell two-thirds to a three-year low of $15.77 billion in 2008, according to Islamic Finance Information Service (IFIS).
