The new source of power is not money in the hands of a few, but information in the hands of many, says John Naisbitt, best-selling author and futurist. But, what do we know about sukuk? It’s often described as a bond, but it’s not a conventional bond. It is often described with pride and a sense of accomplishment for its issuance (in the case of Malaysia) and the London Stock Exchange for its listing.
The sukuk is the foundation of investment vehicles like today’s sukuk funds, and, hopefully, tomorrow’s sukuk exchange-traded funds. It has encountered defaults, bankruptcies, and restructurings. It has become the alter ego of debt capital market bias, Islamic finance…………………………………….Full Article: Source