Tue, Sep 19, 2017
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Finance, Market Moves more

What is the role of Islamic finance in the Dubai crisis?

Posted on 04 December 2009

From Livemint.com: As news began to roll out this week that Dubai World, the government of Dubai’s investment arm, was looking to delay payment on nearly $60 billion in debt, one of the topics that emerged into focus was Islamic finance.

The bonds that Dubai World issued were interest-free bonds, in compliance with Sharia law. Some analysts now say that this places Dubai World and its bondholders in a partnership, which opens up a whole new set of legal complications…………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
September 2017
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
252627282930