06.07.2009 - Islamic finance: Sukuk market on trial as Islamic bonds default

From Euromoney.com: The Islamic finance industry is undergoing a big test as defaults and restructurings appear in the sukuk market for the first time. Last month there was a default on a $650 million Islamic bond launched in 2007 by an offshore vehicle linked to Maan Al Sanea’s troubled Saudi group, Saad.........Full Article: Source

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