Tue, Oct 21, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Sukuk may have to publicly trade under U.K. proposals

Posted on 12 December 2008

From Bloomberg: The U.K. may allow bonds that comply with Islamic law to be treated the same way as conventional debt securities in a bid to boost Britain’s share of the $97 billion worldwide market for sukuk.

The U.K. Treasury and Financial Services Authority propose that so-called sukuk should be exempt from some regulations covering group investment plans and should be forced to publicly trade as listed securities, according to a paper published today. Sukuk are Sharia-compliant bonds that are based on an underlying asset like property and which forbid the payment of interest. …. Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031