|  About this Blog   
 Also alert me on comments
close x
Occasional thoughts from Blake Goud, Community Leader of the Islamic FInance Gateway Community. Register for the community at: online.thomsonreuters.com/ifg/
Name Blake Goud
Current Position Principal
Company Name Thomson Reuters Islamic Finance Gateway
Sector Financial Services - Other
Age 37
Academic Background I have a B.A. in Economics from Reed College (Portland, Oregon, USA). My primary research interest is Islamic microfinance
Biography I am the Community Leader of the Thomson Reuters Zawya Islamic Finance Gateway Community. I have covered all areas of Islamic finance, sukuk, funds and takaful since 2006. I am most interested in the growth of these sectors within non-Muslim-majority countries, microfinance and the interaction of Islamic finance with other forms of ethical finance.

I presented a paper on Islamic microfinance for renewable energy at the 9th International Conference on Islamic Economics and FInance in Istanbul, Turkey in September 2013. I als presented a murabaha and musharaka based microfinance model at the 8th Havard University Forum on Islamic Finance in April 2008. A similar paper is published in the Journal of Islamic Economics, Banking & Finance.

I also serve as Chief Compliance Officer of Marquam Capital, an investment advisory firm, and HP Securities, a FINRA-member broker-dealer.
Blake Goud
About Me
Developed country sukuk interesting, but of limited importance to the market
Posted: 22-Jan-2014

The entry of Hong Kong, the UK and Luxembourg into sukuk markets will be interesting to watch, but will not be large enough to provide sufficient size to impact the market.  The UK and HK in particular, will have more limited appeal being denominated in HKD and GBP while Luxembourg could offer EUR or USD sukuk (the former is probably more likely).  

The problem is that the banks where the need for highly rated sukuk is the highest are mostly in countries where the currency is linked to the USD, so issuance in HKD, GBP or EUR will hold limited appeal.  They are more likely to look towards to domestic markets where the government can, at last resort, always avoid a default for local investors by printing more local currency (which is more important for banks whose other assets and liabilities are predominately local currency denominated.

Related Items

Post a Comment

  • Comment Title (optional)
  • Express your views or tell us more about this article
  • First Name
  • Last Name
  • Email Address
  • Company Name (optional)
Leave this field empty
Zawya Comment Policy
  1. Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
    1.1   Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
    1.2   Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
    1.3   Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
    1.4   Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
    1.5   Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
    1.6   Give the impression that they represent Zawya.
    1.7   Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
  2. The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
  3. Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
  4. By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
 Create Your Personal Blogs
Share your ideas and thoughts with Zawya's
investment and business community
By Blake Goud
Blogs Search
» Show Advanced Search
Subscribe to this Blog
 Also alert me on comments


Before You Begin

Dear Valued Customer,

As previously communicated, Zawya Financial products are undergoing a migration to Thomson Reuters Eikon. To assist with an efficient migration and to allow us to serve you better, please complete this short survey. Your assistance is highly appreciated and we thank you in advance.

1. Are you the named user of this Zawya ID?

2. What is your job function?

3. Which asset class relates to your job function?