19.03.2009 - Sharia compliance issues drive bonds
From Thenational.ae: Two factors have been driving the issuance of ijara sukuk, the first involving Sharia compliance and the second relating to the cost of capital in uncertain times. The Sharia-compliance issue arose from the comments of Sheikh Taqi Usmani, a leading Bahrain-based Sharia scholar, in November 2007 that most sukuk were not Sharia-compliant..... Full Article: Source