Dubai, the favored smuggling post for illicit and dangerous goods into Iran, is to raise billions of dollars from the issuance of Islamic bonds.


2 Responses to Dubai to Raise $1.93 Billion From Sukuk Sale

  1. Am I misunderstanding, or are you suggesting that proceeds from the sale could end up in Iranian hands?

  2. shariahfinancewatch says:

    I am not suggesting that this particular transaction might benefit Iran, but I am pointing out that Dubai facilitates a lot of sanctions avoidance for the Iranians in general. Dubai is regarded by many in the West as friendly, but Dubai’s actions suggest otherwise.

Looking for something?

Use the form below to search the site:

Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!