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Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Finance more

Dubai leads the rise in Islamic finance

Posted on 25 July 2011

As they were reviewing the bank’s funding needs recently, executives at HSBC Holdings decided to take a fresh look at sukuk, or Islamic bonds. Three years earlier the London-based bank had announced plans to issue up to $5 billion of sukuk under a medium-term financing program, but it never proceeded because the sukuk market, which seized up during the financial crisis, failed to recover.
In recent months, however, a decline in yields and a revival of activity persuaded HSBC that the time was right to dust off its plans……………………………………….Full Article: Source

 
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