22.05.2012 - Bumper year for sukuk issuance
Last year was a bumper year for the issuance of sukuk. Luxembourg for Finance chief executive Fernand Grulms told delegates at the conference that $85 billion were issued in 2011 which was two-and-a-half times the pre-financial crisis record of $33bn issued in 2007. "This huge increase indicates that the Islamic capital markets are back in the game," he said. "Nevertheless, we should set the figure in context. In the conventional debt markets, in 2011, $5.4 trillion were issued in the US alone and the sukuk market in 2011 was driven largely by Malaysia. In other words, the short answer to the question of are Islamic investments building international reach and scale is a yes and a no."..............................................Full Article: Source
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