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Goldman Sachs $2 bln Islamic bond prospectus approved

Posted on 21 October 2011

Goldman Sachs Group Inc.’s filing of prospectus for a $2 billion Islamic bond program for listing on the Irish Stock Exchange has been approved by the Central Bank of Ireland.

New York-based bank’s Goldman Sachs International unit set up Global Sukuk Company Limited, which is incorporated in the Cayman Islands, as trustee and seller of so-called murabaha trust certificates, according to the prospectus, published on the Dublin-based central bank’s website………………………………………..Full Article: Source

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