Moody's comments on Islamic finance

Forbes reported on 15 April about the Moody's study regarding Islamic finance claiming the industry grows at double rate compared to the conventional markets and becomes more international but also remains diverse and heterogene. Interpretation of rules and regulation vary widely, and they perceive a lack of technical and contractual standardisation.

Moody's expects the Sukuk market to become more complex, more structured, larger, more diversified and more liquid as it evolves over time.

Source: http://www.forbes.com/markets/feeds/afx/2008/04/15/afx4891802.html