The global supply of sukuk is less than half investor demand and the gap may widen further unless the Islamic finance industry can quickly develop more institutions capable of organising new issues, according to consultancy Ernst & Young.
Current outstanding demand for Islamic bonds totals an estimated $300 billion and is expected to grow to $900bn by 2017, the consultancy’s Islamic financial services leader Ashar Nazim said. Fresh issuance of sukuk this year is projected to surpass a record $100bn, according to the corporate and markets division of Commerzbank - satisfying less than half of outstanding demand………………………………………..Full Article: Source