Ten years after the first global sovereign sukuk, international corporates are increasingly turning to shariah finance. Qudeer Latif, global head of Islamic finance at Clifford Chance, describes how the 2002 offering has impacted the development of Islamic finance.
While Malaysia’s sovereign sukuk had a positive impact on its domestic market, the impact on the global market wasn’t felt until three or four years later. Today, however, Islamic finance has become one of the most exciting areas of capital markets………………………………………..Full Article: Source