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Islamic Finance Briefing - Categorized | Finance, Performance more

Dubai debts prompt review of Islamic finance

Posted on 14 January 2010

From Australia.to: ‘The World’, a manmade archipelago off the coast of Dubai, developed by the Nakheel real estate company - which partly relied on the issuance of Islamic bonds, or sukuk, to finance the ambitious project - has come to symbolise for many the vulnerability of the Islamic financial market.

On Nov. 30, Nakheel asked that trading on all its sukuk bonds be suspended until it was in a position to provide further information. This decision included three types of sukuk that amounted to some 3.5 billion US dollars due on Dec.14…………………………………..Full Article: Source

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


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