Sabana Shariah-Compliant Industrial REIT is the sole entity in Singapore to have sold sukuk this year in a setback to the republic’s ambitions to become a Shariah finance hub.

While the city introduced rules allowing for Shariah-compliant bond sales in 2006, offerings have been limited.

And the best news:

“Based on current circumstances, there does not appear to be any reason to expect a pick-up in sukuk.”



Tagged with:

Comments are closed.

Looking for something?

Use the form below to search the site:

Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!