03.04.2012 - UK fund launches groundbreaking equity sukuk
London-based Ethical Asset Management has launched what it calls the world's first "investment sukuk", aiming to resolve a major area of controversy in Islamic finance by treating the vehicle as an equity instrument rather than as a bond. The firm aims to raise 200 million pounds through the sukuk in the next 12 to 18 months, with 50 million pounds required to start buying the assets which will back the instrument...............................................Full Article: Source
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