DDCAP Limited Managing Director and CEO, Stella Cox, gave an exclusive interview to Islamic Banker magazine. Excerpts of the interview are published below.
As the Islamic finance industry enters the new decade, its recovery in the aftermath of the global financial crisis, which impacted the conventional sector much more, is tempered with cautious optimism. There are already signs that the global Sukuk market is on track to match its pre-crisis issuance volume and the industry is consolidating on tried and tested core business lines such as commodity Murabaha.
Here Stella Cox discusses with Islamic Banker the prospects and main challenges for the Islamic finance industry in 2011 and beyond.