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Ehsun Zaidi, Dubai Islamic Bank: Financing out of the box |
Above all other products the sukuk or Shariah-compliant bond symbolizes the rapid growth of Islamic finance. In 2006, issuance volumes reached $25.98 billion through 241 deals, compared with $11.55 billion and 126 transactions the previous year, according to data provider Ifis. The biggest reason for the surge in volumes is that the Middle East’s more forward-thinking corporates are looking to the Islamic capital markets to fuel their growth.
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