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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Saad sukuk holders left in dark over coupon payment-trustee

Posted on 14 October 2009

From Reuters: A unit of Saad Group has so far left holders of a $650 million sukuk in the dark on whether it will make the next coupon payment, the sukuk’s trustee said on Tuesday.

Sukuk, or Islamic bonds, are a key market of the emerging $1 trillion Islamic finance industry that has been hit by the global liquidity freeze…………………..Full Article: Source

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