19.03.2009 - Trend will be Sukuk in local currency
From Bernama: There will be a trend of issuing sukuk in local currency in the next two years as players will be reluctant to lend dollar due to the global economic slowdown. Kuwait Finance House (Malaysia) Bhd's managing director, Datuk K.Salman Younis said compared with the dollar there was higher liquidity in the local currency in the Gulf Cooperation Council (GCC) countries and Malaysia at the moment..... Full Article: Source