null Long-term sukuk remains well placed to face global headwinds, says Franklin Templeton CIO
Long-term sukuk remains well placed to face global headwinds, says Franklin Templeton CIO
15 Mar 2022 | Tuesday Source: Arab News
An important financial instrument in Islamic and non-Islamic countries alike, the sukuk market has been marginally affected by global uncertainty so far.
Global challenges, triggered by rapid inflation and expected Federal Reserve rate hikes this month, topped by war in Ukraine with Russia, have thrown global markets into a selling frenzy.
To understand the impact of these headwinds on the sukuk market, Arab News spoke to Dino Kronfol, chief investment officer, CIO, for Franklin Templeton Fixed Income in Dubai.
“Year-to-date performance demonstrates resilience in the face of the emerging markets selloff, early in the year, and rates volatility more recently,” said Kronfol.