06.07.2011 - Restructuring Islamic debt: Niche micro-market in the making
With the recovery of Islamic debt market and the continuous default rate of junk & small issuance sukuk, one should take notice to the growing niche market of restructuring debt in a sharia compliant manner. In this column, we provide a detailed insight to sukuk restructuring after defaults which many of the industry players are not aware of. When I wrote an article almost a year ago on the confirmed default rate of sukuk (21 cases in the last 21 months), no one paid attention as these default events spurred from small firms facing difficulty in generating operating profits..............................................Full Article: Source
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