New Voices: Umera Ali, DWF Partner, Global Head of Islamic Finance & Banking

The video discusses market expectations for 2020, focusing on oil price fluctuations and their impact on global markets. It compares sukuk and conventional bonds, highlighting the complexities and growth potential of sukuk, especially with ESG considerations. The need for regulatory harmonization in sukuk issuance is emphasized, with examples from Malaysia and other regions. The video also explores geographical patterns in sukuk issuance, noting the involvement of SMEs in international markets.

What factors are influencing the market reactions in early 2020?

• Global economic conditions

• Stable oil prices

• Decreased interest in real estate

• Increased demand for technology stocks

What is a key challenge in issuing sukuk compared to conventional bonds?

• More complex governance issues

• Simpler documentation

• Higher interest rates

• Faster approval process

How might ESG factors influence the sukuk market?

• By increasing interest rates

• By reducing documentation requirements

• By limiting geographical issuance

• By attracting ethical investors

Which countries are considered core issuers of sukuk?

• Germany and France

• Malaysia and Indonesia

• Brazil and Argentina

• United States and Canada

What is a significant trend among SMEs in the sukuk market?

• Avoiding international markets

• Issuing more conventional bonds

• Tapping into international markets

• Focusing solely on local investors