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The era of Sukuk

Posted on 03 June 2009

From Aawsat.com: The sukuk market is one of the sectors in the Islamic banking industry to be most affected by the global financial crisis. This crisis has resulted in a reversal of the 73 percent growth witnessed in 2007, and there have been losses of 65 percent in 2008 compared to the same figures in 2007.

This is due to a number of factors including; the state of panic that gripped the financial industry worldwide as a result of the global financial crisis and the resulting market troubles, the bankruptcy of a number of the world’s largest and most important finance houses which made it impossible to predict the limits and implications of the crisis…….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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