GLOBAL demand for securities that comply with Islamic Sharia law will triple to $900 billion (£562bn) over the next five years, Ernst & Young said.
The big four accountant reckons there will be a dramatic rise in demand for sukuks among Islamic financial institutions as well as fund managers and high net worth individuals.
Sukuk holders can receive a share in the ownership of assets developed using the funds raised by issuers and the revenues generated, rather than interest.
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