Big Saudi and Kuwaiti Defaults “Test the Limits” of the Islamic Bond Market
On October 19, 2009 · In Economic Crisis, Islamic Bonds, Islamic Finance, Islamic Law, Kuwait, Saudi Arabia, Sharia Compliant, Sharia Products, Shariah Bonds, Shariah Finance, Shariah Law
The default of two prominent Middle Eastern investment companies is shaping up to be a test case for the Islamic bond (sukuk) market.
http://www.ft.com/cms/s/0/c277faca-bcd6-11de-a7ec-00144feab49a.html?ftcamp=rss
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