Outlook for sukuk remains healthy

PETALING JAYA: The outlook for Islamic finance remains strong despite the deepening economic slowdown, scarce liquidity, pronounced stock market declines and plummeting real estate prices.

Standard & Poor’s Rating Services (S&P) credit analyst Mohamed Damak said in a recent report that “the outlook for asset-backed sukuk is positive despite the doubts raised by the disruption in global financial markets and in structured finance.”