IslamicFinance.de

The Capital Markets Authority of Kenya has just animated the blue touch paper for Sukuk issuance by recommending that all future bond issues have to posess a Shari’ah compliant component to them. This directs that Islamic finance institutions will have an ever-expanding pool of liquidity from which to expand. The ruling will also grant retail customers to buy into the Shari’ah compliant Sukuk market.
The recommendations came after a study by a group chosen by the CMA.
Islamic finance players stated that they are analyzing the recommendations before they issue their views.