Per E Larsson, Chief Executive of the DIFX, which has solidly placed itself as the globally leading exchange for Sukuk issuances, will be addressing Middle East Business Forum delegates at the acclaimed SUKUK Forum gathering in Dubai on 25th April 2007 at the Grand Hyatt
The Forum aims to focus its members’ attention towards the phenomenal growth of the Sukuk industry across international markets. This highly successful Islamic financial instrument has raised over US$100 billion in funding for projects to date and issuances for 2007 are forecast to exceed US$20 billion.
“The Dubai International Financial Exchange (DIFX) is playing a key role in the rapid growth of Sukuk as a prominent asset class, because of its location and its international standards. These have enabled the DIFX to attract a larger listed value of Sukuk than any other exchange. The Sukuk Forum will make a timely and important contribution to understanding future trends and developments in the industry”, quotes Mr Larsson.
The development of the Islamic finance industry has been staggering and the Sukuk instrument has found immense appetite within non-Islamic financial jurisdictions also. Another key Forum contributor, Darshan Bijur, Director at KPMG, UK has elucidated this point further, “Sukuk provide a relatively easy way for western companies to tap into Islamic finance pools as well as allowing Middle Eastern governments and corporates attract western finance. Recent tax changes in the UK will make Sukuk issuance a valid financing option for UK business and most western governments are likely to follow with similar enabling legislation. That development will create a huge global market for Sukuk and thrust Islamic finance into the mainstream of global finance. The Sukuk Forum is perfectly timed in this regard,” he quotes.
Sukuk ~ Exploring the Phenomena will be the first international event dedicated to exploring this exciting market and will gather the experts and practitioners that have pioneered and driven this industry so far. Admission is for members only. To register for your free membership please visit the website at www.middleeastbusinessforum.com/sukuk for more details.
