Islamic Banks and other Financial Institutions are planning to sell Islamic Bonds. These financial instruments pay returns to the investors. The sales of Sukuk (Islamic) bonds have declined 25 percent to $8 billion this year. In the years 2009 and 2008 the sales were $20 billion and $14 billion respectively. The global key players planning to sell these Islamic bonds are Al-Barka Islamic Bank, Islamic Development Bank, Malaysia Debt ventures and countries like Indonesia, Malaysia, Philippines, Thailand, Pakistan, Turkey and Jordan.
In Pakistan according to the State Bank, the government is also planning to sell sukuk bonds of about 35 billion rupees, maturing in a year or less in the local market by the end of September, 2010.