03.01.2012 - Goldman's Sukuk: Is the criticism fair?
Goldman Sachs’ maiden foray into capital-raising utilising sharia-compliant mechanisms has understandably generated a lot of interest. However, as in the case of some other conventional banks before it, the market reception in certain quarters has been somewhat sceptical, mainly due to the misunderstanding surrounding the nature of the sukuk structure adopted and how this relates to Goldman Sachs’ operations. This article seeks to address some of the information gaps in the marketplace which seem to have contributed to such misunderstandings...............................................Full Article: Source
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