"Every one is looking at more than
Benefits of sukuk
"We have been speaking to a few potential corporate issuers in
"This is the good time to come out with a sukuk issue as investors are interested in parking their funds in sukuk instrument," he further added.
Dr Bakar said it takes another six months for these companies to float their issues, if the managements accept the cost of fund.
'Islamic banking emerges as fastest growing sector'
Dr Bakar said if
In the case of
Since then, three Sharia funds had been launched, a corporate sukuk had been issued, the new MSM Sharia Index was launched for the
Key role for Islamic banks
Based on what has been seen so far, Islamic banking and the Islamic capital market will play a key role in meeting the funding requirements of the country and growth in the economy, including for the small and medium enterprises.
Islamic finance, based on principles and values that are universally-accepted, offers a viable alternative to conventional finance, which has been widely affected by the recent global financial crisis and the current economic turmoil in some of the industrialised nations.
The expert speakers had also highlighted the advantages of issuing a sukuk versus conventional bonds due to the wider investor base, improved pricing dynamics and stable secondary market performance.
As more jurisdictions and players participate in the industry, the Islamic capital market is expected to contribute to a more efficient mobilisation and allocation of funds across regions, thus strengthening international financial and economic linkages between jurisdictions and bringing mutual benefits to all stakeholders.
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