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Islamic Finance Briefing - Categorized | Finance, Performance more

Islamic finance still profitable

Posted on 14 December 2009

From Forbes: Prior to the current financial crisis in Dubai, sukuk issuance had started to revive following two difficult years since the August 2007 peak.
New issuance for the year to November 2009 exceeded $17.5 billion with 69 separate offerings. Confidence was demonstrated by the announcement on November 19 by General Electric that it was to raise $500 million through a five-year sukuk–the first Western industrial company to raise such financing………………………………Full Article: Source

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