Continuation
The sukuk has
become an important vehicle for international fundraising and investment
activities.
It generate
significant cross-border flows.
As at end-2012,
the value of outstanding global sukuk topped USD 229.4 billion.
A record high helped
by new issuances worth USD 131.2 billion.
The author notes
that:
-
Malaysia
-
Qatar
-
UAE
-
Saudi Arabia
-
and Indonesia
feature among the
countries that have been at the forefront of growth in the sukuk primary
market.
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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