Islamic finance and the global Sukuk market
18 June 2015
Islamic finance, a generic term for financial transactions that comply with Islamic principles, has been one of the fastest-growing areas of the financial services sector with an estimated asset value of over US$1.8 trillion as of April 2014 and continues to grow at an annualized rate of nearly 20%1. Since the 1990s, Islamic finance has grown from a focus on Shariah-compliant commercial banking and project finance to encompass a range of products and services that are now accessible by individual and institutional investors, chief among which are “Sukuk.”