Developments in Islamic capital markets
The growth of Islamic capital markets is a direct effect of the growth of the Islamic banking industry. The need for liquidity management for Islamic banks and takaful operators drove a number of countries such as Malaysia, Kuwait and Bahrain to introduce sukuk to facilitate management of assets by Islamic financial institutions. Growth is also attributed to growing awareness of, and demand for investing in accordance with Shari'a principles. In more recent times, growth is attributed to the globally low interest rates, the weakening US Dollar over the past 25 years, and the sub-prime mortgage crisis in the west prompting investors to seek alternative investments.
Islamic capital markets , Islamic banking , Conventional financial markets , Islamic financial institutions , Sukuk
Cizakca, Murat. (2013). Chapter 5 - Developments in Islamic capital markets. Global Islamic Finance Report (GIFR 2013), pp. 82-93.