The emergence of Saudi mortgage law is expected to see a big improvement in the sukuk market because banks and deposits cannot finance the mortgage market, according to Hani O. Baothman, managing director and CEO of Sidra Capital.
“There has to be a sukuk market. I have never seen a mortgage market in the world that doesn’t operate with secondary bonds or sukuk market,” Baothman said. He said the current crisis in Europe is stopping Saudi investors from sending money to Europe, and Saudi Arabia is becoming one of their options for investing money inside the Kingdom………………………………………..Full Article: Source