06.10.2011 - Sukuk resilient in middle of financial crisis
Sukuk market proved resilient in the face of the crisis, with 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, NCB Chief Economist Dr. Jarmo Kotilaine said. “Sukuk are also emerging as a new asset class for investors, since asset-backed/based instruments provide relative capital protection and predictable returns to investors, while In addition, a near-absence of long term financing tools and a growing importance of long term capital projects launched in the region have also increased the attractiveness of sukuk,” he said..............................................Full Article: Source
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