A combination of factors is making the ringgit the preferred currency for sukuk issuance as the East Asian and Gulf Cooperation Council (GCC) countries become more interdependent due to the pick-up in cross-border transactions.
Standard & Poor’s Rating Services analyst Paul-Henri Pruvost noted in a report that both regions had relatively strong economies seeking huge amounts of capital to fund new infrastructure, support economic development and entice more private-sector investment………………………………………..Full Article: Source