30.11.2009 - Dubai debts test Islamic finance
From Islamonline.net: As the world is still recovering from an economic meltdown, an unfolding debt crisis in the flashy lifestyle-Gulf state of Dubai is sending shockwaves around the world, putting the booming Islamic finance to a test. A Default by Dubai will put the world of Islamic finance to the test at a time when hard questions are being asked by bankers and lawyers about the protection afforded by financial instruments based on Shari`ah law, commented The Australian on Saturday, November 28................................Full Article: Source
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