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

Dubai’s revival raises questions about Islamic finance

Posted on 10 November 2010

From Dailyfinance.com: Under Shariah, or traditional Islamic law, charging interest on a loan is taboo, but Muslim businessmen have created sukuk, which are financial instruments that can enable a return on principal. Less than a year ago, during the worst days of Dubai’s financial crisis, it seemed likely that lawyers would turn Dubai into a laboratory for thrashing out the consequences of defaulting sukuk.
Now, though, the worst of the financial crisis in Dubai has passed, with a minimum of such thrashing……………………………………….Full Article: Source

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