13.07.2009 - Islamic bonds: easy way to raise cash
From Defimedia.info: Its newest “social and ethical” banking product: the “Sukuk”--Islamic bonds--proposes an alternative for Government of issuing new debt on potentially cheaper and less risky terms. “The scope for Government issuing the Sukuk, known as Sovereign Sukuk, is clearly enormous. It provides the State with the possibility of issuing new debt on potentially cheaper and less risky terms than those applying to conventional bonds,” says Dr Muniruddeen Lallmahamood, Certified Sharia Advisor and Auditor........Full Article: Source
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