You are looking at 1 - 2 of 2 items for :

  • Archived Series x
  • Islamic Banking and Finance x
  • Monetary policy x
  • Economic Theory; Demography x
Clear All
Andreas Jobst, Mr. Peter J Kunzel, Mr. Paul S. Mills, and Mr. Amadou N Sy

Recent years have witnessed a surge in the issuance of Islamic capital market securities (sukuk) by corporates and public sector entities amid growing demand for alternative investments. As the sukuk market continues to develop, new challenges and opportunities for sovereign debt managers and capital market development arise. This paper reviews the key developments in the sukuk market and informs the debate about challenges and opportunities going forward.


The general resurgence of fundamental Islamic values in many parts of the world has manifested itself on the economic front as well, with a number of countries having moved toward the transformation of their economic systems to accord more closely with the precepts and conditions of Islam. The most far-reaching attempts in that direction have taken place in the Islamic Republic of Iran and in Pakistan, although this phenomenon can be observed to varying degree in most Islamic countries. More significant, the process of Islamization of these economic systems appears to be gaining momentum over time.