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Islamic finance needs new assets beyond property

Posted on 19 February 2010

From Reuters: The Islamic finance industry will need to look for new assets on which to base its structures as investors shun real estate after the sector took a hit during the financial crisis, executives at a Reuters summit said.

The sukuk, or Islamic bond market, particularly in the Gulf Arab region, had been dominated by real estate developers before a regional building boom came to an end in 2008 after the crisis kicked in and oil prices slumped…………………………………..Full Article: Source

 
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