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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Dubai crisis: Islamic bonds the problem?

Posted on 23 December 2009

From Islamonline.net: The government of Abu Dhabi and the UAE Central Bank stepped in with a $10 billion bailout offer for the state-run Dubai World, which has recently been in debt.

Out of the allocated amount, $4.1 billion is meant to take care of the World’s immediate debt obligations comprising Shari’ah-compliant bonds (sukuk) of the Nakheel, the property development arm of the company, which was due on December 14, the announcement date…………………………………..Full Article: Source

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