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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves, People more

Sukuk suitable tool for governments to finance projects

Posted on 08 November 2010

From Zawya.com: Kuwait Finance House CEO Mohammed Al-Omar stated that that the Fatwa and Shariah Supervisory Authority has embodied the moral and social responsibility towards the society as a unit that operates in harmony to protect the client by ensuring that all banking transactions are Shariah compliant.
The authority has played a pivotal role in developing numerous products that caused a paradigm shift in the in the history of Islamic banking. He appealed to governments to resort to Sukuk, since Sukuk have greatly succeeded in financing many projects, which made Sukuk highly demanded by worldwide……………………………………….Full Article: Source

 
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