Last year was supposed to represent the pivotal moment in which sukuk debt – Islamic versions of bonds – came into their own as a deep, mature and liquid source of funding. Issuance data from January suggest the jury is still out. First, the case for.
Last year saw a record $144bn of sukuk issuance, according to Islamic Finance Information Service (Ifis). More than that, the market featured renewed reach, strength and innovation: sovereign issues came from ever further afield, notably Turkey; headline deals were bigger than ever before, particularly Qatar’s record $4bn issuance;……………………………………….Full Article: Source