From Bloomberg: A U.K. court ruling involving Kuwait- based Investment Dar Co. and Lebanon’s Blom Bank SAL will heighten the “operational risk” for Islamic finance transactions, said Moody’s Investors Service.
Investment Dar was granted the right to a trial by an English court as its attempts to effectively void an Islamic finance transaction with Blom, Khalid Howladar, a senior credit analyst at Moody’s wrote in an e-mailed report today……………………………………..Full Article: Source