Islamic bonds 'have strong growth potential in S'pore'
With a supportive regulatory and tax framework and proximity to large Muslim populations in its neighbourhood, it is only a matter of time before Singapore becomes a major player in Islamic finance.
Analysts say Sukuk, or Islamic bonds and Syariah-compliant real estate investment trusts, are two products that have strong growth potential in Singapore.
One reason behind Singapore's success in Islamic finance is the Monetary Authority of Singapore's (MAS) efforts to create a supportive framework for a competitive Islamic finance landscape.
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