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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Sukuk resilient in middle of financial crisis

Posted on 06 October 2011

Sukuk market proved resilient in the face of the crisis, with funds raised through sukuk issues grew from $2.8 billion in 2001 to $53.2 billion in 2010 and even during the tumultuous period of 2008-2009 funds raised from sukuk increased significantly, NCB Chief Economist Dr. Jarmo Kotilaine said.
“Sukuk are also emerging as a new asset class for investors, since asset-backed/based instruments provide relative capital protection and predictable returns to investors, while In addition, a near-absence of long term financing tools and a growing importance of long term capital projects launched in the region have also increased the attractiveness of sukuk,” he said……………………………………….Full Article: Source

 
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