Sukuk sales may swell to $50 billion

Gulf News reports:

Global sales of sukuk may more than double this year to $50 billion from $20 billion in 2006 as companies seek to diversify their sources of funding and as more banks offer the service, according to a senior Deutsche Bank executive.

Middle East and other companies looking to attract investors from the Arab region may sell as much as $10 billion worth of Islamic bonds, or sukuk, during the next month, said Deutsche Bank, which is arranging many of the sales.