Takaful News: Global - Sukuk issuance slowdown mainly due to credit crisis: Moody's
Source: Middle East Insurance Review | Mar 2009
The Islamic finance industry, particularly the sukuk market, faced unprecedented challenges in 2008 -- namely, the ongoing global credit crisis, rising cost of borrowing, lack of investor commitment to capital market securities as well as debates over the Shariah compliance of some sukuk structures, says Moody’s Investors Service.
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