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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves, People more

Foreign firms warm to sukuk

Posted on 11 February 2011

Alberto VermeFrom Thenational.ae: Islamic bonds are growing increasingly popular with foreign companies doing business in the region, the leader of Citigroup’s regional operation says. Sukuk are being considered as a way to diversify financing portfolios and sometimes to hedge risks, said Alberto Verme, the chief executive of Citigroup’s Europe, Middle East and Africa operations.
“You need to have diversified funding sources so you are never surprised by market volatility and you have access to every window,” Mr Verme said……………………………………….Full Article: Source

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