17.05.2011 - Sukuk and the global banking village
The exponential growth of Islamic banking since its emergence in the late 1970ís was interrupted by the ice age in the post-Lehman capital markets in 2008-09, the default of international sukuk issues by high profile borrowers, the Nakheel standstill shock and subsequent Dubai World debt restructuring, and now the MENA unrest. With assets estimated at a trillion dollars, Islamic finance is no longer a miniscule, exotic niche of the global banking village..............................................Full Article: Source
Print