South Korean Islamic Bond Issue Scrutinized by Christian Groups
South Korea is a country which seems as far removed from Islam and Shariah as one can imagine. Nevertheless, the Shariah-Compliant Finance Trojan Horse seems to be making its way there. Some South Korean lawmakers seem determined to reintroduce legislation that was already defeated last year to open the door to Sukuk (Islamic Bond) sales in South Korea.
One of the chief instigators behind this development is GS Engineering & Construction Corporation, a company with extensive business ties and operations in Iran, as explained on the Center for Security Policy’s web site:
Fortunately, Christian groups in South Korea are vigilant to the threat…