07.06.2011 - Sukuks a new financing mechanism to stimulate economy
In simple terms, sukuks can be considered the Islamic equivalent of conventional bonds, although the concept and structuring for both are very different. For Omanís economy, sukuks represent a new source of funds for sovereign entities, corporates and small and medium size enterprises. They are currently in high demand given the growing Islamic wealth pool with banks, high net worth individuals, takaful companies, fund managers and general public. Sukuks are asset-backed, income generating, tradable, Sharia compliant investment product..............................................Full Article: Source
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