| Sukuk may not be able to offer any sort of quick fix for Europe’s funding crisis, but South Africa’s decision last week to push ahead with a sovereign deal offers a much more encouraging vision for how the Islamic market could develop.
South Africa's plans for a sovereign sukuk issue could make it the first country with a miniority Islamic population to tap the asset class. And it could be the start of a healthy trend, paving the way for countries with modest debt funding requirements and open-minded regulation to benefit from diversifying into a ready and willing alternative investor base...............................................Full Article: Source |