Proving more stable during financial crises, Islamic bonds (sukuk) are increasingly luring the interest of investors in the West as an alternative vehicle for investment. “European problems helped fuel demand for alternative products like sukuk in emerging markets, which is why we’re seeing a strong wave of interest coming in from Western investors lately,” Mohammed Dawood, managing director of debt capital markets for HSBC’s Islamic banking division, told The New York Times on Thursday, February 28.
Sukuk Lure Eyes of Westerners
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