The year 2011 was the year for [Malaysia] Shariah compliant index out-performance against all conventional developed and emerging market country indicies and almost all frontier countries.
The Islamic finance industry has not talked up the Islamic equity capital market story, as the Islamic debt capital market poster child, ‘Sukuk,’ has become the alter-ego of Islamic finance. But, does that amount to concentration brand and business risk for a $1 trillion, where Sukuk are, at best, 20% of Islamic finance?
For example, the continued conversation about the ‘controversy’ surrounding Goldman Sach’s $2B Sukuk, structure, proceeds and trading, seems to be a proxy statement about Islamic finance’s welcome mat to market moving institutions.
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