The meeting was organized by the Islamic Chamber of Commerce and Industry (ICCI) and the Jordan Chamber of Commerce and Industry.
The conferees underscored the importance of Islamic bonds "suck” in reinvigorating Islamic economies through giving governments and private sectors the opportunity to acquire legal financing resources and "a legitimate alternative” for credit certificates and traditional bonds.
They also urged relentless efforts on the part of those concerned to narrow the legal gaps experienced in the sukuk issuing process and called on Islamic governments to encourage and speed up relying on Islamic bonds as a channel for attracting and employment of resources.
The conference recommended the classification of sukuk by renowned international rating agencies with the aim of reducing the risks involved in their issuance.
The conferees urged the speeding up of economic integration among Islamic countries and the adoption of "practical solutions to face challenges that were brought about by the latest global financial crisis."
They in particular envisaged new mechanisms and strategies for expanding the volume of joint investments and bringing back Islamic funds invested abroad, saying such moves would lead to larger growth rates and lower unemployment in the Islamic communities.
