14.12.2011 - HSBC Amanah upbeat on Sukuk market
HSBC Amanah Malaysia Bhd is upbeat on the local banking sector next year, expecting over 60% of global sukuk issuance to continue to come from Malaysia. Its CEO Rafe Haneef said the sukuk sector saw significant growth this year, with over 60% of sukuk issued worldwide denominated in ringgit. He said the bank expects the sukuk sector to maintain the same performance next year, especially with the Economic Transformation Programme projects that are funded by sukuk coming on line and projected a 4.5% to 5% gross domestic product growth for th country...............................................Full Article: Source
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