The issuance of global sukuk, bond-like instruments that are compliant with Islamic Shariah law, is expected to break previous volume records in 2012, but the Middle East may not be the centre stage for the boom of Islamic financial products.
Recent initiatives by banks, service providers and regulators suggest that the Malaysian financial market is in the best position to take advantage of the ‘sukuk fever’. Data published by the Zawya Sukuk Monitor show that the largest amount of issuance (70%) comes from South-East Asia, and Malaysia in particular………………………………………..Full Article: Source