Some analysts see the ambition, and especially the goal of overtaking London as the world capital of the sukuk business, as a challenge perhaps too tough even for the emirate’s “can-do” mentality. Mohieddine Kronfol is in a good position to judge. He is the chief investment officer for global sukuk and fixed income business for Franklin Templeton, one of the world’s biggest asset managers with some US$800 billion (Dh2.93 trillion) of funds under management around the globe.
Cautious approval for Dubai sukuk ambition
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