Islamic finance 2.0: when sukuk became plumbing

A White & Case analysis notes that foreign-currency sukuk issuance has passed $100bn and that tokenisation is moving from pilot to practice. What was a novelty instrument in 2005 is now institutional plumbing, and the interesting questions have shifted accordingly — away from bare permissibility and toward market structure, settlement, and, crucially, who writes the standards. For a community that cares about self-reliance, standard-setting is the real prize: the institutions that define the rails capture the durable advantage long after the headlines fade.

This is a QeRN summary by Ahmed Qerni. Read the original at White & Case: https://www.whitecase.com/insight-alert/islamic-finance-20-innovation-tokenisation-evolution-sukuk-markets-gcc.