17.09.2012 - Strong potential for growth of sukuk market in Oman
The upcoming launch of sharia-compliant financial products and services in the Sultanate augurs well for the growth of sukuk the Islamic equivalent of bonds, says a leading expert on Islamic Banking. Khalid Yousaf, Director Islamic Finance Advisory Services, KPMG Oman, envisions significant demand for sukuk in the financing of, among other things, infrastructure projects, housing schemes, real estate ventures, tourism resorts, and other development projects. Additionally, sukuk will open the way for new fund-raising opportunities via the Capital Market and provide a new investment vehicle for investors in the Sultanate...............................................Full Article: Source
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