03.12.2009 - Dubai debt woes give Islamic finance its first big crisis

From AFP: Dubai World's plan to delay repaying a huge Islamic bond issue may damage the image of sharia finance, not due to inherent problems but rather because investors have ignored key questions, analysts say. "In many ways, this has been an extraordinary crisis, but it is the first for the embryonic sukuk industry," said Khalid Howladar of Moody's Investors Service.................................Full Article: Source

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