Islamic ‘Sukuk’ could be an alternative source of financing for constructing Padma Bridge. Sukuk is one type of Islamic Bond, which is asset based or asset-backed, where there is an asset (or pool of assets) underlying every transaction and the ownership of that asset or pool is transferred to investors.
A day-long international conference on Islamic finance, titled ‘Islamic Finance news Roadshow’ held Tuesday in the city discussed on the issue. The Islamic Finance news Roadshow brought together world’s industry experts and the market movers of the country’s Islamic finance industry………………………………………..Full Article: Source