Sukuk (aka Islamic bonds) are fast becoming the chief tool for spreading Shariah finance. Just a few years ago, few of our posts dealt with sukuk. Now most of them do.

Sukuk are used as a means of imposing Shariah compliance on nations and entities wishing to participate in global debt markets. Russia, Thailand, the Philippines and other non-Muslim nations are all planning to issue sukuk as a result.

The sukuk (Islamic bonds) market in the Gulf and other countries is expected to exceed $100 billion this year to smash the record $85 billion achieved in 2011…

http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentID=20120423122479

 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!

Bad Behavior has blocked 5842 access attempts in the last 7 days.