| From Gulf-times.com: The near-default of Dubai developer Nakheel’s Islamic bond will trigger calls for better bankruptcy rules in the Gulf as investors wake up to legal and financial risks now that the boom years are over.
Sukuk are fixed income products that behave like conventional bonds but don’t pay interest—which is banned by Shariah law—and roughly offer the same protection as an ordinary unsecured corporate bond in case of a default........................................Full Article: Source
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