17.09.2012 - Ringgit sukuk potential big
Several recent landmark corporate and infrastructure sukuk by companies in the GCC issuing in Malaysian ringgit may signal the start of a trend that could help develop and globalise the market, according a new report from Standard & Poor's, or S&P. In an era when the world's conventional banks are producing fewer and shorter loans and companies are considering other options for finance, S&P believes that Islamic financial instruments could become a key funding source, especially in GCC and Asian countries, S&P said in a report entitled, "Beyond Borders: The GCC And Asia Could Rev Up Their Economies - And The Islamic Finance Market"...............................................Full Article: Source
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