Global Sukuk Market to Grow at a CAGR of 8.51% During the Period 2016 - 2020; Finds New Report
Report forecast the global sukuk market to grow at a CAGR of 8.51% during the period 2016-2020. Sukuk comes from the word "sakk" which is considered an investment certificate that follows Islamic financing principles. The sukuk helps to facilitate trade transactions as this serves as a promissory note among merchants. The issuer of the sukuk sells the certificate to an investor group. This investor group rents the certificate back to the issuer at a predetermined fee. The issuer of the...
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