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FinFormed 11 Nov 2026 11 Nov 2026
To
Future Leaders
From
Erfanul Alam Siddiquee
Posted

Sukuk Are Always Oversubscribed. Then Why Do So Few Ordinary Muslims Own One?

Sukuk books are often several times covered, yet ordinary savers hold very little. Who buys sukuk, why retail stays out, and whether sukuk are cheap money.

Read the letter
7 min readIslamic Finance

Earlier letters

  1. Egypt Has a Citizen Bond. Why Not a Citizen Sukuk?
  2. Islamic finance counts its money. It should also count its people.
  3. Dear Aisha, The Bank Wanted You First
  4. Islamic Finance Talent and the Habit We Forgot We Had
  5. Should Bangladesh Borrow From Wall Street Before It Borrows From Itself?
Older letters

Letters, newest first

  1. Who Else Is Watching the Names on a Sukuk Board? My last piece asked whether investors pay for famous scholars or for scarce paper. Evidence on captive demand, and a regulator that caps scholar board seats, takes the question further. 5 min read · Islamic Finance
  2. A Journal Says Famous Scholars Lower Sukuk Returns. I am Not Convinced. A paper says investors accept lower sukuk returns when famous Shariah scholars sit on the board. But the market it describes tells a different story. 5 min read · Islamic Finance
  3. Islamic Finance in Sri Lanka That Never Say "Islamic" Sri Lanka's Islamic finance industry passed USD 1 billion. The 2005 law behind it never says "Islamic". Why that helped, and why the sector is still small. 8 min read · Islamic Finance
  4. Who Are You Running For? Live Like a Traveller Did you get a good break, or did your body rest while your mind kept running? A letter on who we run for, what the grave keeps, and the hadith that tells us to live like a traveller. 3 min read · Random Writings
  5. Why the Takaful Fund Has No Capital of Its Own? Suppose you know a shopkeeper in your area. He runs a small electrical goods store and pays 40,000 a year into a Takaful 6 min read · Islamic Finance
  6. Why Islamic Banks Lend Like Conventional Banks? Why do Islamic banks rely on murabahah, not profit sharing? The cause is an information problem, and tax e-invoicing data could fix it. 8 min read · Islamic Finance

Topics

Islamic Finance106 letters Conventional Finance91 letters Random Writings31 letters Technology18 letters Career15 letters Takaful15 letters Climate Change12 letters Financial Freedom5 letters Sustainability2 letters

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