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Goldman follows HSBC, GE to tap Muslim wealth: Islamic finance

Posted on 25 October 2011

Goldman Sachs Group Inc. is aiming to follow HSBC Holdings Plc and General Electric Co. to the Islamic bond market as the investment bank seeks to diversify sources of funding.

Global sales of sukuk, or Islamic bonds, have jumped 48 percent so far this year to $18.8 billion from $12.7 billion in the year-earlier period, data compiled by Bloomberg show. Goldman Sachs’ $2 billion Islamic bond program was approved for listing on the Irish Stock Exchange by the Central Bank of Ireland last week………………………………………Full Article: Source

 
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