06.05.2010 - Sharia finance: Setting a new global standard
From Thebanker.com: Cross-border standardisation and rigorous product development processes will help to diversify the sharia-compliant financial markets. Cross-border sukuk issuance in 2009 was equivalent to just under 10% of total emerging market bond issuance, according to Commerzbank data, and a far smaller proportion of the total bond market. Islamic financing packages for merger and acquisition (M&A) activity are relatively rare, while sharia-compliant investment funds total just $35bn, according to financial advisory firm Ernst & Young............................................Full Article: Source
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