| Some traders speculate that Islamic bonds, or sukuk, could be among the first bonds issued after the drought. Sukuk held up relatively well in the secondary market during the recent volatility, partly because investors tend to buy them to hold for maturity rather than for trading. This could prompt both borrowers and investors to see the sukuk market as a relatively low-risk place for issuance.
"The sukuk markets are new and not nearly as liquid as developed debt markets. That creates opportunity," said Akram Annous, MENA strategist at Al Mal Capital in Dubai..............................................Full Article: Source
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