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Shariah compliant products gaining popularity in Malaysia

Posted on 20 December 2011

Financial companies are looking for alternative financing in the form of sukuk in Malaysia as the eurozone debt crisis cripples the euro bond issuance. As a result, foreign issuance of sukuk in Malaysia is expected to increase by 25-30 percent next year owing to the global economic crisis.
Sukuk refers to the Islamic equivalent of bonds. Since fixed income and interest bearing bonds are prohibited in Islamic, sukuk securities are structured to comply with Islamic law………………………………………..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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