IslamicFinance.de

With the issue of the world’s largest single tranche Sukuk, the industry’s attention is again on that fair-weather barometer the omnipotent Sukuk.
Beside the Saudi issue, it’s been a busy week in the Islamic capital markets, with significant issues in Malaysia and the MENA region and announcements from Nigeria, South Africa, The Gambia and Iran. It seems that the appetite for Sukuk is not diminishing. But the real quesstion is, if this is a good thing. After all, the global depression playing out in extremis in the eurozone and Middle America can be followed back to the wild abandon that individuals and governments ran up their credit card bills and the irresponsible and myopic lending practices of the banks just interested in short-term profits and next year’s bonuses.