No, the Islamic world isn't confined to the Middle East - there is a significant Muslim population in Malaysia, for example. And while their sukuk funds (see my July and December posts on Islamic finance) didn't do well in 2010, it is expected that 2011 will be better. BusinessWeek:
Malaysia’s Islamic bond funds say returns, which fell 40 percent this year, will improve in 2011 as the government’s $444 billion development plan attracts international investors and spurs trading....
The 10-year government initiative for private-led projects ranging from a nuclear power plant to an underground rail network will spur sales of Shariah-compliant debt....
More here.
Tom Petty's second and third breakdowns
-
I just authored a post on my "JEBredCal" blog entitled "Breakouts, go ahead
and give them to me." I doubt that many people will realize why the title
was...
2 years ago
