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Islamic syndicated finance: A long way coming

Posted on 08 December 2010

From Islamicfinanceasia.com: When the financial crisis hit the GCC in 2008, the Islamic syndicated financing market remarkably saw borrowings increase to a total US$26.5 billion from US$19.6 billion a year earlier. The Sukuk market, on the other hand, suffered from a dearth of issuances, plunging by about 55% in 2008 from US$34.3 billion in 2007 to a mere US$15.5 billion.
This was seen as a revival of the Islamic syndication financing market. One of the reasons cited was the rise in the London interbank offered rates (LIBOR) during that time which forced Sukuk out of the market, leaving borrowers to turn to Islamic syndicated finance………………………………………..Full Article: Source

 
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This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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