23.12.2009 - Dubai crisis: Islamic bonds the problem?
From Islamonline.net: The government of Abu Dhabi and the UAE Central Bank stepped in with a $10 billion bailout offer for the state-run Dubai World, which has recently been in debt. Out of the allocated amount, $4.1 billion is meant to take care of the World's immediate debt obligations comprising Shari'ah-compliant bonds (sukuk) of the Nakheel, the property development arm of the company, which was due on December 14, the announcement date.........................................Full Article: Source
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