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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends, Property, Projects, Infrastructure more

Sukuk issuers shun bonds backed by property

Posted on 14 October 2010

From Bloomberg: Persian Gulf Islamic bond issuers are avoiding collateral based on real estate after Dubai property prices plunged 50 percent.
Debt linked to returns from oil fields, aluminum and manufacturing plants are more popular with investors than property, Moinuddin Malim, chief executive officer at Dubai- based Mashreq Al Islami, said………………………………………Full Article: Source

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