Luxembourg on the Brink of Shariah-Compliance
On March 14, 2014 · In Creeping Shariah, Islamic Bonds, Islamic Finance, Islamization, Luxembourg, Shariah Bonds, Shariah Finance, SUKUK
The quest for petrodollar capital is prompting Luxembourg to issue a Shariah bond. There is still hope that Luxembourg might be brought back from the brink, however. The transaction is being scrutinized by the Council of State, a body which advises the national legislature and they’re exhibiting appropriate skepticism… “First, in the world of finance, […]
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