Sabana Shariah-Compliant Industrial REIT is the sole entity in Singapore to have sold sukuk this year in a setback to the republic’s ambitions to become a Shariah finance hub.

While the city introduced rules allowing for Shariah-compliant bond sales in 2006, offerings have been limited.

And the best news:

“Based on current circumstances, there does not appear to be any reason to expect a pick-up in sukuk.”

http://www.bloomberg.com/news/2014-10-02/singapore-sukuk-hub-goal-leaves-a-lonely-sabana-islamic-finance.html

 

 

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