How the global Islamic finance market developed
Author: Ashley Lee | Published: 30 Nov 2012
Ten years after the first global sovereign sukuk,
international corporates are increasingly turning to shariah
finance. Qudeer Latif, global head of Islamic finance at
Clifford Chance, describes how the 2002 offering has impacted
the development of Islamic finance
While Malaysia's sovereign sukuk
had a positive
impact on its domestic market, the impact on the global
market wasn't felt until three or four years later. Today,
however, Islamic finance has become one of the most exciting
areas of capital markets. Countries from Korea to Kazakhstan
are looking to develop Islamic finance standards and tax
structures, and international corporates are innovating
structures and instruments.
Malaysia, however, remains the leader. "Since 2002,
Malaysia has been the dominant global Islamic finance player
with the deepest and most liquid domestic market,"
Only subscribers to the full IFLR service have access to this article. Please log in
Alternatively, you can take a free trial
, giving you 7 days of free access to the full IFLR service*.
*Some articles may be restricted to subscribers only.
This article is only available to subscribers of the full IFLR service.
Please click here to subscribe. Subscribe
Take a Free Trial
Click here to gain limited 7 days access through a free trial.Free Trial