04.10.2011 - Sukuk market proved resilient in the face of the crisis
Jarmo Kotilaine, Chief Economist NCB Capital, Saudi Arabia's largest investment bank and leading GCC wealth manager, said that global Islamic banks' assets have increased considerably from $145 billion in 2002 to $1,033 billion in 2010. Kotilaine reported that the sukuk market proved resilient in the face of the crisis, stating that globally, funds raised through sukuk issues grew from $2.8 billion in 2001 to $53.2 billion in 2010 and even during the tumultuous period of 2008-2009 funds raised from sukuk increased significantly..............................................Full Article: Source
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