Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
Sukuk “Alert”
Official and private entities in Jordan, Indonesia, Abu Dhabi, Malaysia, Saudi Arabia, Qatar, Dubai, Luxembourg, Sudan, Pakistan, Kazakhstan, Lebanon, Kuwait, Thailand, Islamic Development Bank and General Electric (GE) all are contemplating or planning Sukuk (Islamic bond) offerings in the near future… http://www.bloomberg.com/news/2010-06-22/jordan-indonesia-islamic-development-bank-plan-sales-islamic-bond-alert.html
GE Capital has announced that it will offer another Islamic bond (sukuk). The sukuk offerings are not eligible for US markets, so obtaining a prospectus for an offering can be difficult. Nevertheless, SFW was able to obtain such a prospectus after GE’s first foray into the world of Shariah and part of the prospectus does […]
Just as we have been reporting here for weeks, GE Capital has indeed followed through on its plans to issue Sukuk, also known as Islamic bonds. GE raised half a billion dollars in this sale. More details available from Reuters… http://www.reuters.com/article/fundsFundsNews/idUSLJ41775120091119?rpc=401
GE Capital Said to Sell 5-Year Bond in First Sukuk
As we reported here 3 weeks ago, General Electric Capital Corporation plans to sell five-year Islamic bonds in its first Shariah compliant debt offer. GE Capital hired Citigroup Inc., Goldman Sachs Group Inc., National Bank of Abu Dhabi PJSC, and the Bahrain-based Liquidity Management Centre BSC to manage the sale. Those who have followed Shariah […]
GE Capital plans $1 billon Islamic bond: report
Add General Electric Capital Corporation to the growing list of Western corporations who have stepped up to help the Dawah efforts of to Shariah imperialists. http://www.marketwatch.com/story/ge-capital-plans-1-billon-islamic-bond-report-2009-10-25
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