Thailand could be increasingly driven by cross-border trade and investment through Islamic financing while its corporations could opt for Shariah-compliant bonds, or sukuk, for fund-raising in the international market once all laws and regulations are ready, according to Standard Chartered Bank.
“If the governing rules and regulations for Islamic financing like sukuk are put in place [in Thailand], then investors from the Middle East or Malaysia who want to invest according to Islamic principles may come and look at Thailand as a potential investment opportunity,” Ahsan Ali, Dubai-based global head of Islamic origination, said last week……………………………………….Full Article: Source