04.05.2010 - Nakheel alone cannot revive sukuks
From Thenational.ae: The prospect of Nakheel repaying its US$1.7 billion (Dh6.2bn) Islamic bonds on time may not be enough to revive the global sukuk market this year, IMF economists warn. Uncertainty over the level of protection for investors if the Dubai property unit had defaulted on its debt has shaken confidence in Islamic finance. Nakheel’s payments are due this month and this year............................................Full Article: Source
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