Ifzal Akhtar, Islamic Finance Solicitor and Lecturer, Birmingham, England enlightened attendees on The Role of the Islamic Bank and the lessons to be learned from the Goldman Sachs Sukuk fallout quoting “The Goldman Sachs issue is a topical issue which has risen after Goldman Sachs issued a sukuk in October last year.
After the issuance, there was some questions about whether Goldman Sachs issued a sukuk which was Sharia’h compliant which originally came from people who were not qualified to comment on the same. The lesson for Oman is that this is an example of how not to do things. When I say how not to do things, it means how not to handle controversy. (Press Release)