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Thomas Cook flop shows Islamic finance limitations

Posted on 14 July 2010

From Euroweek.com: The UK’s Thomas Cook Group has failed in its attempt to issue what would have been the first Islamic bond for a European company. The deal itself had big problems including an unknown bookrunner managing it and stormy markets to contend with.
But the sukuk’s collapse also raises questions over the depth of the Islamic finance market and how open it is to non-local issuers………………………………………..Full Article: Source

 
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