Sukuk crucial to infrastructure development, new report shows
A KFH research shows that sukuk have had a significant impact on the infrastructure sector during the last decade. Proceeds raised from issuances have been utilized for low as well as for high profile projects. The combination of sukuk's very nature and its flexibility makes a variety of structures possible. Thus, Islamic bonds have become a very attractive alternative financial instrument for corporate and sovereign entities. A huge amount of the money raised through sukuk funds has been used in projects of the infrastructure sector worldwide.