07.05.2009 - Investors should focus on substance
From Gulfnews.com: A new report has called for investors in sukuk - or Islamic sharia-compliant bonds - to favour "substance over form" when assessing the associated risk. "As sukuk issuers begin to face distress, it is important that investors focus on the substance and not the form of their risk, which is a concern in Islamic finance," says Khalid Howladar, senior credit officer for asset-backed and sukuk finance at Moody's Investors Service, who has authored the special report entitled The Future of Sukuk: Substance over Form? ......Full Article: Source