A hedge against financial crisis? Not at all…
On January 20, 2009 · In Debt Bonds, Islamic Bonds, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Bonds, SUKUK, Uncategorized
If Shariah-Compliant financial products are a hedge against the financial crisis that has afflicted the world, then why have issues of Shariah-Compliant bonds–known as sukuks–fallen drastically over the course of the developing financial crisis?
How can promoters of Shariah-Compliant Finance claim that their products are a protection against the financial crisis on one hand and then blame the evaporating market for their bonds on the financial crisis on the other hand?