Wednesday, May 24, 2017

Islamic finance in Europe (62)

Continuation
At present, there are four major sukuk-listing domiciles.
These are:
-      London Stock Exchange
-      Bursa Malaysia (in Kuala Lumpur)
-      NASDAQ Dubai
-      and the Luxembourg Stock Exchange.
The London Stock Exchange is the largest exchange for sukuk listings.
This offers the benefit of competitive admission and listing costs, being the only major listing venue that does not charge an annual fee to the issuer.
During 2012, the exchange attracted two further sukuk issuances:
-      bringing the total number of its sukuk listings to 42;
-      and the total amount of capital raised to over USD 35.2 billion.

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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