23.11.2009 - Islamic finance steps up
From Arabianbusiness.com: Natsuko Waki looks at why governments in the Middle East and Asia are taking on a greater role to deepen Islamic finance markets. Governments in Muslim nations in the Middle East and Asia are increasingly turning to Islamic finance to raise funds, giving a necessary but perhaps not sufficient shot in the arm for the $1 trillion industry. Deeper liquidity is essential to winning investors back to the market after the credit crisis sapped demand and issuance and triggered the first ever major defaults of Islamic bonds, or sukuk, this year............................Full Article: Source