A sense of relief is percolating through the market of Shariah-compliant bonds, known as sukuks.

Standard & Poor's records show that issuance in the first seven months of the year came in at slightly more than $9.3 billion, compared with $11.1 billion during the same timeframe last year, a drop of 16%. But the market was far grimmer about the sector's prospects only earlier this summer. And it seems that something akin to optimism is seeping through.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.