03.06.2009 - The era of Sukuk
From Aawsat.com: The sukuk market is one of the sectors in the Islamic banking industry to be most affected by the global financial crisis. This crisis has resulted in a reversal of the 73 percent growth witnessed in 2007, and there have been losses of 65 percent in 2008 compared to the same figures in 2007. This is due to a number of factors including; the state of panic that gripped the financial industry worldwide as a result of the global financial crisis and the resulting market troubles, the bankruptcy of a number of the world's largest and most important finance houses which made it impossible to predict the limits and implications of the crisis.......Full Article: Source