| Islamic bonds are offering cheaper funding for a lucky few. Shariah-compliant bonds were once seen as a pricey source of financing for governments and companies. But a growing pool of captive capital means the bonds are now less expensive than their conventional equivalents.
Shariah-compliant banking assets will top $1tn globally in 2012, up 33% from 2010, according to Standard Chartered. These Islamic funds can only be invested into other Shariah-compliant instruments. The decade-young sukuk market is struggling to keep up with the demand for high quality paper...............................................Full Article: Source
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