Dar Al Istithmar, the advisor to Goldman Sachs’ planned $2 billion sukuk programme, said it had finished obtaining the approval of Islamic scholars for the issue and that the next move was up to Goldman.
“The ball is in their court,” Geert Bossuyt, chief executive of Dar, told Reuters on Wednesday, adding that the programme had been approved by 10 scholars, which was more than enough, and that the structure of the sukuk had been debated sufficiently………………………………………..Full Article: Source