| From Thebanker.com: The market for Islamic bonds, or sukuk, is expected to pick up in 2010, but its appeal will remain limited until the industry can agree a set of global standards and proper legal protection for creditors in case of default.
The idea that the conservative strictures of Islamic finance somehow offered protection from the wider global financial crisis was proven false in 2008 and 2009. The nascent market for Islamic bonds, or sukuk, was hit hard by the financial crisis............................................Full Article: Source
|