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Goldman Sachs Sukuk “all a misunderstanding,” says top scholar

Posted on 07 June 2012

Sheikh Nizam YaqubyRenowned Shari’ah scholar Sheikh Nizam Yaquby has said that the controversy surrounding Goldman Sachs’ ill-fated Sukuk was based on a misunderstanding stoked by the media.
“It is a misunderstanding from the part of the media,” Yaquby said. “This Sukuk was never issued – it was only in the development stage. Goldman Sachs is a very famous institution and it has a proper Shari’ah board that can guide and advise them on any future Sukuk. I’m sure they are careful and keen to do it in the right way. It was a misinterpretation; perhaps journalists enjoy that sort of controversy.”……………………………………….Full Article: Source

 
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