Dubai now leading hub for sukuk trading | The National:
"Dubai has overtaken rival financial centres to become the world’s leading hub for the multi-billion dollar trade in Islamic bonds, new figures show.
The figures put the value of Islamic bonds – known as sukuk – that are listed on Dubai exchanges at US$36.7 billion, ahead of nearest rival Malaysia, with $26.6bn, for the first time. Ireland and the UK come next, each on $25bn.
Sukuk pay investors a fixed rate of return over a set time, but comply with Sharia principles of investment probity and regulation."
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