09.12.2009 - Islamic default
From Nationalpost.com: Interest-free ‘sukak’ bonds at first withstood the economic crisis, but Dubai’s Nakheel default has hurt their reputation. Islamic financing has been growing rapidly in importance in many Muslim countries as well as in Western countries with large Muslim populations. With almost a trillion dollars in assets worldwide, Islamic financing has attracted the interest of Islamic banks and conventional banks alike, particularly in Dubai...................................Full Article: Source
Print