11.03.2013 - Use of Sukuk to meet govt’s borrowing requirements
Sukuk (singular Sakk) are in vogue. In 2012, a record $144 billion worth of new Sukuk were issued worldwide, making them the most popular investment instrument in Islamic banking and finance. While Malaysia and the countries in the Gulf Cooperation Council (GCC), particularly Dubai, have been very active in Sukuk issuance, the new regimes in the ‘Arab Spring’ countries are also developing legal frameworks to develop Sukuk markets...............................................Full Article: Source
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