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Sukuk demand to exceed $500 billion

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Thu, 2007/06/21 - 20:52 by Muslim Investor

The demand of sukuk or Islamic bonds stands at $500 billion with total issuance expected to reach $150 billion by 2017, Agil Natt President and CEO, International Centre for Education Centre for Education in Islamic Finance (INCEIF), told the audience at the 2nd International Islamic Financial Market Conference yesterday.

In his presentation titled Islamic Financial Services Industry: The Next Big Wave-Addressing the Human Capital Needs, Agil Natt, said that there were tremendous growth opportunities in Islamic finance with global and local sovereign as well as corporate sukuk market exceeds $50 billion and expected to surpass $150 billion by 2010.

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