UK: Nigel Denison, the head of wealth management and treasury at the Bank of London and The Middle East (BLME), expects demand for the BLME Global Sukuk Fund to remain high in 2013, quoting an Ernst & Young report which noted that demand for Sukuk is expected to increase threefold from US$300 billion in 2012 to US$900 billion in 2017.
The fund, which is an unregulated collective investment scheme only available to professional clients and eligible counterparties, is now available on a daily dealing basis.