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GC Asia
Asset-Based Sukuk Outlook Good
The outlook for asset-backed Sukuk, the Shariah-compliant investment instruments, looks strong despite suffering heavily losses last year, according to Standard & Poor’s.
The outlook for asset-backed Sukuk, the Shariah-compliant investment instruments, looks strong despite suffering heavily losses last year, according to Standard & Poor’s. In its Islamic Finance Outlook 2009, S&P noted that Sukuk issuance fell by more than 50% to $14.9 billion, down from $34 billion in 2007, but
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