Al-Mirsal

Tag Archives: Wakalah

Top 4 Innovations Driving Growth in the Global Sukuk Market

The Sukuk Opportunity Total Sukuk issuances for 2013 stood at approximately US$120 billion and the Sukuk market is likely to sustain double-digit growth in the coming two to three years with assets in Islamic finance expected to reach US$2.8 trillion by 2015. The growth of the Sukuk market has allowed investors to diversify their portfolio … Continue Reading

Hong Kong – Getting Set for Sukuk

Following a public consultation process, Hong Kong has commenced the legislative process for the introduction of tax changes to permit the issuance of Sukuk. The proposed legislation was published in a Legislative Council Brief on December 28, 2012, which seeks to establish a level playing field for the taxation of conventional bonds and Sukuk (referred … Continue Reading
LexBlog